Filed February 20, 2020
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 |
|---|---|---|
KDV WEALTH MANAGEMENT, LLC2 years Filed as: BERGANKDV WEALTH MANAGEMENT LLC Service code 27 · EIN 20-8172864 | Advisory (Plan) | $24,894 |
Service code 37 · EIN 04-2647786 | Loan Processing | $13,859 |
HGK4 years Filed as: HGK, LTD Service code 10 · EIN 41-1340072 | Accounting | $7,568 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $55,140 | $64,119-14.0% | $112,228-50.9% | $66,914-17.6% |
| Participation rate | 80.0% | 68.5%+11.5pp | 75.1%+4.9pp | 69.8%+10.2pp |
| Annual return | -19.57% | -13.81%-5.8pp | 27.45%-47.0pp | 1.58%-21.1pp |
| Employer contribution / active EE | $1,401 | $3,005-53.4% | $3,635-61.5% | $2,544-45.0% |
| Participant deferral / active EE | $5,374 | $3,693+45.5% | $4,728+13.7% | $4,237+26.8% |
| Admin fee / account holder | $346 | $625-44.7% | $6,410-94.6% | $593-41.7% |