Filed October 27, 2022 (most recent of 5 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 |
|---|---|---|
Filed as: FIFTH THIRD BANK Service code 49 38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263 | Other Services | $138,211 |
Filed as: RAYMOND JAMES FINANCIAL SVC ADV Service code 27 · EIN 59-2937883 | Advisory (Plan) | $14,997 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $12,600 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
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.)
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $62,363 | $56,485+10.4% | $185,823-66.4% | $86,799-28.2% |
| Participation rate | 58.8% | 65.5%-6.6pp | 81.7%-22.9pp | 72.3%-13.4pp |
| Annual return | 12.70% | 118.04%-105.3pp | 122.05%-109.4pp | 97.91%-85.2pp |
| Employer contribution / active EE | $849 | $1,843-53.9% | $5,167-83.6% | $2,405-64.7% |
| Participant deferral / active EE | $2,340 | $2,553-8.4% | $5,568-58.0% | $4,131-43.4% |
| Admin fee / account holder | $385 | $150+157.6% | $16,237-97.6% | $170+127.3% |