Filed June 2, 2022
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 13 · EIN 42-0127290 | Contract Administrator | $40,534 |
CIRRUS WEALTH MANAGEMENT LLC3 years Service code 27 · EIN 47-2368024 | Advisory (Plan) | $18,766 |
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 | $88,471 | $82,978+6.6% | $129,995-31.9% | $71,457+23.8% |
| Participation rate | 98.7% | 74.1%+24.6pp | 78.5%+20.2pp | 67.9%+30.8pp |
| Annual return | 18.02% | 20.60%-2.6pp | -137.18%+155.2pp | 28.85%-10.8pp |
| Employer contribution / active EE | $1,996 | $2,622-23.9% | $4,320-53.8% | $2,588-22.9% |
| Participant deferral / active EE | $4,512 | $4,432+1.8% | $5,820-22.5% | $4,289+5.2% |
| Admin fee / account holder | $349 | $1,729-79.8% | $10,614-96.7% | $1,587-78.0% |