Filed July 18, 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 |
|---|---|---|
UBS FINANCIAL SERVICES INC1+ years Filed as: UBS FINANCIAL SERVICES Service code 27 · EIN 13-2638166 | Advisory (Plan) | $116,193 |
Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846 | Recordkeeping | $46,751 |
Filed as: HERMANS & ASSOCIATES, CPA, S.C Service code 10 · EIN 39-1421794 | Accounting | $25,600 |
BMO HARRIS BANK NA1+ years Filed as: BMO HARRIS BANK, N.A Service code 15 · EIN 36-2085229 | Recordkeeping | $17,233 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $65,797 | $57,921+13.6% | $84,750-22.4% | $57,658+14.1% |
| Participation rate | 91.6% | 72.9%+18.7pp | 76.6%+15.0pp | 70.2%+21.4pp |
| Annual return | -0.36% | 10.24%-10.6pp | 22.78%-23.1pp | 5.13%-5.5pp |
| Employer contribution / active EE | $228 | $2,598-91.2% | $3,574-93.6% | $1,974-88.4% |
| Participant deferral / active EE | $3,922 | $2,742+43.0% | $3,712+5.7% | $3,061+28.2% |
| Admin fee / account holder | $688 | $130+430.7% | $5,332-87.1% | $95+628.0% |