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 |
|---|---|---|
HFM INVESTMENT ADVISORS1 year Filed as: HFM INVESTMENT ADVISORS, LLC Service code 26 102 WEST HIGH STREET · GLASSBORO, NJ 08028 | Advisory (Participants) | $25,555 |
EPLAN ADVISORS, LLC4 years Filed as: EPLAN SERVICES, INC. Service code 13 4300 KITTREDGE ST., SUITE 100 · DENVER, CO 80239 | Contract Administrator | $6,868 |
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.
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 | $43,052 | $89,436-51.9% | $164,813-73.9% | $77,643-44.6% |
| Participation rate | 51.8% | 78.6%-26.9pp | 78.6%-26.9pp | 70.6%-18.8pp |
| Annual return | 49.68% | 28.83%+20.9pp | 69.93%-20.3pp | 31.24%+18.4pp |
| Employer contribution / active EE | $1,181 | $2,569-54.0% | $4,341-72.8% | $2,726-56.7% |
| Participant deferral / active EE | $2,720 | $4,897-44.4% | $6,031-54.9% | $4,647-41.5% |
| Admin fee / account holder | $169 | $339-50.3% | $12,690-98.7% | $430-60.8% |