Filed October 22, 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 |
|---|---|---|
NEWPORT GROUP, INC.5+ years Service code 15 · EIN 27-2037969 | Recordkeeping | $22,454 |
LPL FINANCIAL3 years Service code 26 · EIN 04-3046611 | Advisory (Participants) | $14,251 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,808 | $43,133-35.5% | $89,391-68.9% | $73,488-62.2% |
| Participation rate | 30.1% | 55.0%-24.8pp | 68.0%-37.9pp | 70.7%-40.6pp |
| Annual return | 15.90% | 135.66%-119.8pp | 245.62%-229.7pp | 28.51%-12.6pp |
| Employer contribution / active EE | $1,006 | $1,438-30.1% | $2,586-61.1% | $2,270-55.7% |
| Participant deferral / active EE | $1,730 | $2,445-29.2% | $3,890-55.5% | $3,740-53.7% |
| Admin fee / account holder | $228 | $444-48.6% | $4,881-95.3% | $513-55.6% |