Filed October 3, 2022 (most recent of 3 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 15 · EIN 48-1205033 | Recordkeeping | $66,796 |
LPL FINANCIAL4 years Filed as: LPL FINANCIAL LLC Service code 27 1BEACON ST FL 22 · BOSTON, MA 021083107 | Advisory (Plan) | $60,497 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $291,530 | $129,021+126.0% | $184,203+58.3% | $77,643+275.5% |
| Participation rate | 24.8% | 87.3%-62.5pp | 86.8%-62.0pp | 70.6%-45.8pp |
| Annual return | 15.65% | 33.27%-17.6pp | 28.81%-13.2pp | 31.24%-15.6pp |
| Employer contribution / active EE | $2,840 | $4,413-35.6% | $6,427-55.8% | $2,726+4.2% |
| Participant deferral / active EE | $5,371 | $7,297-26.4% | $9,131-41.2% | $4,647+15.6% |
| Admin fee / account holder | $929 | $254+266.0% | $13,901-93.3% | $430+115.9% |