Filed April 1, 2021
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 6-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK RETIREMENT PLAN SVC Service code 15 · EIN 01-0233346 | Recordkeeping | $96,657 |
Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 · EIN 35-2552359 | Advisory (Plan) | $65,926 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,555 | $106,028-75.9% | $146,958-82.6% | $77,643-67.1% |
| Participation rate | 64.7% | 78.4%-13.6pp | 82.2%-17.4pp | 70.6%-5.8pp |
| Annual return | 19.24% | 56.73%-37.5pp | 418.34%-399.1pp | 31.24%-12.0pp |
| Employer contribution / active EE | $2,034 | $4,063-49.9% | $4,933-58.8% | $2,726-25.4% |
| Participant deferral / active EE | $4,459 | $7,990-44.2% | $8,070-44.7% | $4,647-4.0% |
| Admin fee / account holder | $137 | $337-59.4% | $12,998-98.9% | $430-68.2% |