Filed July 21, 2023
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: WEALTH ENHANCEMENT ADVISORY SERVICE Service code 27 505 HIGHWAY 169 N STE 900 · MINNEAPOLIS, MN 55441 | Advisory (Plan) | $49,778 |
AMERICAN FUNDS3 years Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS. Service code 25 · EIN 82-4555287 | Directed Trustee | $17,085 |
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 | $107,795 | $88,083+22.4% | $164,813-34.6% | $74,495+44.7% |
| Participation rate | 73.1% | 73.0%0pp | 78.6%-5.5pp | 67.2%+5.9pp |
| Annual return | 14.40% | 17.26%-2.9pp | 69.93%-55.5pp | 1364.94%-1350.5pp |
| Employer contribution / active EE | $2,172 | $2,593-16.2% | $4,341-50.0% | $2,623-17.2% |
| Participant deferral / active EE | $5,351 | $4,498+19.0% | $6,031-11.3% | $4,346+23.1% |
| Admin fee / account holder | $581 | $2,234-74.0% | $12,690-95.4% | $1,942-70.1% |