Filed February 22, 2024
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 |
|---|---|---|
TIAA5 years Filed as: TIAA INS & ANNUITY ASSOC Service code 13 · EIN 13-1624203 | Contract Administrator | $94,850 |
Filed as: ONEDIGITAL INVESTMENT ADVISORS Service code 27 · EIN 82-1434504 | Advisory (Plan) | $23,500 |
TAIT WELLER & BAKER7 years Service code 10 · EIN 23-1144520 | Accounting | $10,250 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $178,216 | $69,745+155.5% | $67,511+164.0% | $74,546+139.1% |
| Participation rate | 93.4% | 71.3%+22.1pp | 72.9%+20.5pp | 67.2%+26.2pp |
| Annual return | 12.94% | -40.37%+53.3pp | 3517.41%-3504.5pp | 1366.03%-1353.1pp |
| Employer contribution / active EE | $4,577 | $2,705+69.2% | $2,733+67.5% | $2,624+74.4% |
| Participant deferral / active EE | $6,139 | $3,636+68.8% | $4,000+53.5% | $4,347+41.2% |
| Admin fee / account holder | $538 | $894-39.8% | $3,999-86.5% | $1,944-72.3% |