Filed February 14, 2024
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 |
|---|---|---|
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Service code 15 · EIN 01-0233346 | Recordkeeping | $42,431 |
YARGER WEALTH STRATEGIES LLC5 years Service code 26 · EIN 27-0963800 | Advisory (Participants) | $28,547 |
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $93,484 | $52,406+78.4% | $129,207-27.6% | $74,495+25.5% |
| Participation rate | 71.4% | 53.8%+17.6pp | 69.6%+1.8pp | 67.2%+4.2pp |
| Annual return | 10.95% | 15.66%-4.7pp | 9417.33%-9406.4pp | 1364.94%-1354.0pp |
| Employer contribution / active EE | $2,373 | $1,531+55.0% | $4,153-42.9% | $2,623-9.5% |
| Participant deferral / active EE | $5,410 | $2,794+93.6% | $4,168+29.8% | $4,346+24.5% |
| Admin fee / account holder | $368 | $2,633-86.0% | $7,715-95.2% | $1,942-81.0% |