Filed August 24, 2023
Total covered: 7 employees
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 |
|---|---|---|
LPL FINANCIAL3 years Filed as: LPL FINANCIAL LLC - RPCP Service code 27 · EIN 04-3046611 | Advisory (Plan) | $71,372 |
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $33,009 |
FIDUCIARY WISE, LLC1 year Filed as: FIDUCIARYWISE, LLC Service code 27 · EIN 81-3799174 | Advisory (Plan) | $32,500 |
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.
Assets per participant exceed $250,000 - top-decile high-value plan.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $271,167 | $59,159+358.4% | $159,960+69.5% | $66,914+305.2% |
| Participation rate | 96.2% | 68.1%+28.0pp | 78.0%+18.2pp | 69.8%+26.4pp |
| Annual return | -21.65% | -12.26%-9.4pp | 408.60%-430.3pp | 1.58%-23.2pp |
| Employer contribution / active EE | $12,739 | $1,983+542.4% | $4,226+201.5% | $2,544+400.7% |
| Participant deferral / active EE | $12,704 | $4,395+189.1% | $6,182+105.5% | $4,237+199.8% |
| Admin fee / account holder | $563 | $591-4.7% | $8,698-93.5% | $593-5.1% |