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 | $54,736 |
Filed as: SEQUOIA FINANCIAL ADVISORS, LLC Service code 27 · EIN 34-1913859 | Advisory (Plan) | $24,327 |
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 | $98,845 | $88,083+12.2% | $164,813-40.0% | $74,495+32.7% |
| Participation rate | 96.5% | 73.0%+23.5pp | 78.6%+17.9pp | 67.2%+29.3pp |
| Annual return | 16.71% | 17.26%-0.6pp | 69.93%-53.2pp | 1364.94%-1348.2pp |
| Employer contribution / active EE | $2,561 | $2,593-1.2% | $4,341-41.0% | $2,623-2.4% |
| Participant deferral / active EE | $4,564 | $4,498+1.5% | $6,031-24.3% | $4,346+5.0% |
| Admin fee / account holder | $402 | $2,234-82.0% | $12,690-96.8% | $1,942-79.3% |