Filed June 26, 2024
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 9-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 |
|---|---|---|
THE FINWAY GROUP1 year Filed as: THE FINWAY GROUP LLV Service code 13 5625 MILLS CIVIC PKWY, SUITE 101 · WEST DES MOINES, IA 50266 | Contract Administrator | $16,176 |
Filed as: KESTRA ADVISORY SERVICES LLC Service code 27 5707 SW PARKWAY, BLDG 2, SUITE 400 · AUSTIN, TX 78735 | Advisory (Plan) | $13,790 |
Filed as: GLOBAL RETIREMENT PARTNERS Service code 27 4340 REDWOOD HWY, SUITE B60 · SAN RAFAEL, CA 94903 | Advisory (Plan) | $12,840 |
Filed as: GREAT-WEST LIFE & ANNUITY INS. CO. Service code 64 8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $8,001 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $26,699 | $66,310-59.7% | $93,606-71.5% | $65,185-59.0% |
| Participation rate | 98.0% | 74.0%+24.0pp | 75.8%+22.2pp | 70.2%+27.8pp |
| Annual return | 30.55% | 42.58%-12.0pp | 32.76%-2.2pp | 29.38%+1.2pp |
| Employer contribution / active EE | $1,766 | $2,012-12.2% | $2,718-35.0% | $2,177-18.9% |
| Participant deferral / active EE | $2,959 | $3,342-11.5% | $4,069-27.3% | $3,514-15.8% |
| Admin fee / account holder | $303 | $6,897-95.6% | $7,888-96.2% | $847-64.2% |