Filed December 7, 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 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 |
|---|---|---|
Service code 17 · EIN 23-0731260 | Pension Consulting | $90,296 |
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $82,425 |
BGA&F1 year Service code 10 · EIN 82-1813978 | Accounting | $19,733 |
MYCIO WEALTH PARTNERS LLC6 years Filed as: MYCIO WEALTH PARTNERS, LLC Service code 27 · EIN 20-2611371 | Advisory (Plan) | $5,019 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $113,726 | $104,317+9.0% | $159,436-28.7% | $86,799+31.0% |
| Participation rate | 96.6% | 77.7%+18.9pp | 82.8%+13.7pp | 72.3%+24.3pp |
| Annual return | 13.89% | 26.32%-12.4pp | 263.57%-249.7pp | 97.91%-84.0pp |
| Employer contribution / active EE | $2,506 | $3,451-27.4% | $4,829-48.1% | $2,405+4.2% |
| Participant deferral / active EE | $4,892 | $6,837-28.5% | $7,352-33.5% | $4,131+18.4% |
| Admin fee / account holder | $406 | $172+135.5% | $10,799-96.2% | $170+139.2% |