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 FINANCIAL5 years Filed as: LPL FINANCIAL LLC - RPCP Service code 27 · EIN 04-3046611 | Advisory (Plan) | $83,302 |
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $40,174 |
MORNINGSTAR2 years 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 | $362,069 | $73,360+393.5% | $177,989+103.4% | $74,495+386.0% |
| Participation rate | 94.3% | 66.6%+27.6pp | 77.1%+17.2pp | 67.2%+27.1pp |
| Annual return | 17.13% | 17.49%-0.4pp | 294.48%-277.4pp | 1364.94%-1347.8pp |
| Employer contribution / active EE | $13,491 | $2,216+508.7% | $3,949+241.7% | $2,623+414.3% |
| Participant deferral / active EE | $12,613 | $4,513+179.4% | $6,276+101.0% | $4,346+190.2% |
| Admin fee / account holder | $488 | $1,808-73.0% | $10,363-95.3% | $1,942-74.9% |