Filed November 2, 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 |
|---|---|---|
Filed as: SPECTRUM HEALTH SERVICES INC Service code 99 5201 HAVERFORD AVE · PHILADELPHIA, PA 19139 | Other Fees | $19,795 |
Filed as: COMMONWEALTH EQUITY SERVICES Service code 27 29 SAWYER ROAD · WALTHAM, MA 024533483 | Advisory (Plan) | $13,173 |
Filed as: EMPOWER ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $10,017 |
Service code 13 · EIN 23-2942715 P.O. BOX 758 · KENNETT SQUARE, PA 19348 | Contract Administrator | $2,243 |
Filed as: EMPOWER ADVISORY GROUP LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $1,184 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $15,666 | $60,323-74.0% | $81,812-80.9% | $74,495-79.0% |
| Participation rate | 75.6% | 62.9%+12.7pp | 72.3%+3.2pp | 67.2%+8.4pp |
| Annual return | 11.63% | 16.90%-5.3pp | 773.79%-762.2pp | 1364.94%-1353.3pp |
| Employer contribution / active EE | $964 | $2,620-63.2% | $2,912-66.9% | $2,623-63.2% |
| Participant deferral / active EE | $2,721 | $3,387-19.7% | $4,319-37.0% | $4,346-37.4% |
| Admin fee / account holder | $340 | $1,486-77.1% | $7,386-95.4% | $1,942-82.5% |