Filed July 20, 2022 (most recent of 2 filings on file)
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 26 · EIN 04-2675571 | Advisory (Participants) | $59,114 |
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Service code 15 · EIN 01-0233346 | Recordkeeping | $2,264 |
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 | $148,501 | $122,239+21.5% | $184,200-19.4% | $74,546+99.2% |
| Participation rate | 99.0% | 85.5%+13.5pp | 86.8%+12.2pp | 67.2%+31.8pp |
| Annual return | 14.48% | 19.95%-5.5pp | 28.80%-14.3pp | 1366.03%-1351.6pp |
| Employer contribution / active EE | $7,000 | $4,537+54.3% | $6,424+9.0% | $2,624+166.7% |
| Participant deferral / active EE | $5,702 | $7,139-20.1% | $9,132-37.6% | $4,347+31.2% |
| Admin fee / account holder | $563 | $1,260-55.3% | $13,907-96.0% | $1,944-71.1% |