Filed February 5, 2018
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 |
|---|---|---|
NATIONWIDE2 years Service code 15 · EIN 31-1592130 | Recordkeeping | $31,765 |
Filed as: FIFTH THIRD SECURITIES, INC. Service code 27 5001 KINGSLEY DRIVE · CINCINNATI, OH 45227 | Advisory (Plan) | $58 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $12,317 | $46,173-73.3% | $170,442-92.8% | $69,631-82.3% |
| Participation rate | 65.9% | 63.9%+2.0pp | 83.6%-17.7pp | 70.7%-4.8pp |
| Annual return | 33.06% | 21.62%+11.4pp | 205.93%-172.9pp | 27571.02%-27538.0pp |
| Employer contribution / active EE | $959 | $1,610-40.4% | $5,433-82.3% | $2,032-52.8% |
| Participant deferral / active EE | $2,289 | $2,080+10.0% | $4,939-53.7% | $3,224-29.0% |
| Admin fee / account holder | $133 | $116+14.5% | $13,880-99.0% | $110+20.2% |