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 FINANCIAL1 year Filed as: LPL FINANCIAL LLC-RPCP Service code 27 · EIN 04-3046611 | Advisory (Plan) | $69,964 |
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $32,997 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $315,689 | $65,390+382.8% | $169,368+86.4% | $71,457+341.8% |
| Participation rate | 94.8% | 67.0%+27.9pp | 77.1%+17.7pp | 67.9%+26.9pp |
| Annual return | 17.90% | 21.31%-3.4pp | 405.60%-387.7pp | 28.85%-11.0pp |
| Employer contribution / active EE | $12,654 | $2,079+508.7% | $4,013+215.4% | $2,588+389.0% |
| Participant deferral / active EE | $12,108 | $4,367+177.3% | $6,221+94.6% | $4,289+182.3% |
| Admin fee / account holder | $422 | $1,324-68.1% | $9,003-95.3% | $1,587-73.4% |