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 | $61,803 |
Filed as: SEQUOIA FINANCIAL ADVISORS, LLC Service code 27 · EIN 34-1913859 | Advisory (Plan) | $27,774 |
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 | $102,498 | $96,484+6.2% | $156,263-34.4% | $74,304+37.9% |
| Participation rate | 98.3% | 67.7%+30.7pp | 78.9%+19.4pp | 60.3%+38.0pp |
| Annual return | 14.84% | 17.73%-2.9pp | 59.47%-44.6pp | 29.43%-14.6pp |
| Employer contribution / active EE | $2,361 | $2,528-6.6% | $4,333-45.5% | $2,241+5.3% |
| Participant deferral / active EE | $4,412 | $4,286+2.9% | $6,158-28.4% | $3,767+17.1% |
| Admin fee / account holder | $421 | $3,728-88.7% | $14,255-97.0% | $2,969-85.8% |