Filed June 14, 2022
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 8-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 |
|---|---|---|
BARRETT & COMPANY2 years Filed as: BARRETT QUIGLEY Service code 26 109 N HADDON AVENUE · HADDONFIELD, NJ 08033 | Advisory (Participants) | $11,347 |
EPLAN ADVISORS, LLC2 years Filed as: EPLAN SERVICES, INC. Service code 13 4300 KITTREDGE ST., SUITE 100 · DENVER, CO 80239 | Contract Administrator | $5,524 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,525 | $86,655-71.7% | $119,609-79.5% | $66,914-63.3% |
| Participation rate | 46.7% | 75.6%-28.8pp | 79.3%-32.5pp | 69.8%-23.1pp |
| Annual return | -16.65% | -8.00%-8.7pp | -14.97%-1.7pp | 1.58%-18.2pp |
| Employer contribution / active EE | $1,018 | $2,536-59.8% | $4,232-75.9% | $2,544-60.0% |
| Participant deferral / active EE | $2,006 | $4,358-54.0% | $5,602-64.2% | $4,237-52.7% |
| Admin fee / account holder | $110 | $755-85.5% | $10,323-98.9% | $593-81.5% |