Filed December 28, 2023
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 |
|---|---|---|
Service code 64 · EIN 71-0294708 | Recordkeeping Fees | $108,180 |
OSAIC WEALTH INC1 year Filed as: OSAIC WEALTH, INC. Service code 55 18700 N HAYDEN RD STE 255 · SCOTTSDALE, AZ 85255 | Other Commissions | $64,715 |
Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26 · EIN 02-0488491 | Advisory (Participants) | $17,080 |
MORNINGSTAR4 years Service code 27 · EIN 36-3297908 | Advisory (Plan) | $7,000 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $150,829 | $82,972+81.8% | $103,374+45.9% | $77,671+94.2% |
| Participation rate | 99.0% | 71.5%+27.4pp | 74.5%+24.4pp | 70.6%+28.4pp |
| Annual return | 19.84% | 19.14%+0.7pp | 24.89%-5.0pp | 31.21%-11.4pp |
| Employer contribution / active EE | $7,188 | $3,554+102.2% | $3,869+85.8% | $2,726+163.6% |
| Participant deferral / active EE | $11,696 | $4,108+184.7% | $5,058+131.2% | $4,648+151.6% |
| Admin fee / account holder | $362 | $639-43.3% | $8,394-95.7% | $430-15.9% |