Filed June 2, 2022 (most recent of 2 filings on file)
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 10-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 |
|---|---|---|
LPL FINANCIAL1 year Filed as: LPL FINANCIAL, LLCP-RPCP Service code 27 · EIN 95-2834236 RPCP COMPENSATION PROCESSING PO BOX · SAN DIEGO, CA 92150 | Advisory (Plan) | $44,584 |
NATIONWIDE4 years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $25,557 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $77,528 | $49,915+55.3% | $154,803-49.9% | $74,304+4.3% |
| Participation rate | 43.5% | 54.0%-10.4pp | 78.1%-34.6pp | 60.3%-16.8pp |
| Annual return | 11.51% | 34.06%-22.5pp | 58.88%-47.4pp | 29.43%-17.9pp |
| Employer contribution / active EE | $666 | $1,611-58.7% | $4,305-84.5% | $2,241-70.3% |
| Participant deferral / active EE | $2,502 | $2,255+11.0% | $5,540-54.8% | $3,767-33.6% |
| Admin fee / account holder | $355 | $2,189-83.8% | $14,329-97.5% | $2,969-88.0% |