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 |
|---|---|---|
JANNEY MONTGOMERY SCOTT LLC2 years Service code 17 · EIN 23-0731260 | Pension Consulting | $101,643 |
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $68,620 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $84,762 | $82,202+3.1% | $125,339-32.4% | $64,808+30.8% |
| Participation rate | 99.2% | 77.9%+21.3pp | 82.4%+16.8pp | 71.5%+27.7pp |
| Annual return | -14.72% | 3.48%-18.2pp | 572.05%-586.8pp | 32.82%-47.5pp |
| Employer contribution / active EE | $3,419 | $3,615-5.4% | $4,814-29.0% | $2,506+36.4% |
| Participant deferral / active EE | $5,122 | $7,175-28.6% | $7,446-31.2% | $4,310+18.8% |
| Admin fee / account holder | $383 | $163+134.9% | $10,010-96.2% | $188+104.2% |