Filed November 2, 2016
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: RAYMOND JAMES FINANCIAL SERVICES, I Service code 22 | Insurance Broker | $29,546 |
Service code 15 · EIN 13-3689044 | Recordkeeping | $28,631 |
HCS RETIREMENT SERVICES, LLC2+ years Service code 15 · EIN 20-1684241 | Recordkeeping | $4,684 |
RAYMOND JAMES FINANCIAL SERVICES2+ years Service code 22 · EIN 59-1199408 | Insurance Broker | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $10,915 | $35,600-69.3% | $87,507-87.5% | $63,975-82.9% |
| Participation rate | 33.7% | 56.1%-22.5pp | 73.8%-40.2pp | 71.1%-37.5pp |
| Annual return | 38.49% | 17.86%+20.6pp | 12.21%+26.3pp | 48.65%-10.2pp |
| Employer contribution / active EE | $664 | $854-22.3% | $2,550-74.0% | $2,182-69.6% |
| Participant deferral / active EE | $1,057 | $1,660-36.3% | $3,149-66.4% | $3,356-68.5% |
| Admin fee / account holder | $56 | $51+11.3% | $4,221-98.7% | $70-19.8% |