Filed October 1, 2015
Total covered: 2 employees
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 |
|---|---|---|
WEALTHPLAN PARTNERS INC7 years Filed as: WEALTHPLAN PARTNERS, INC. Service code 26 · EIN 85-4122522 | Advisory (Participants) | $49,227 |
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Service code 15 · EIN 01-0233346 | Recordkeeping | $7,286 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,442 | $54,193-38.3% | $93,606-64.3% | $77,643-56.9% |
| Participation rate | 82.6% | 63.9%+18.6pp | 68.7%+13.8pp | 70.6%+12.0pp |
| Annual return | 18.72% | 30.54%-11.8pp | 133.20%-114.5pp | 31.24%-12.5pp |
| Employer contribution / active EE | $707 | $1,168-39.5% | $2,420-70.8% | $2,726-74.1% |
| Participant deferral / active EE | $4,297 | $3,144+36.7% | $4,411-2.6% | $4,647-7.5% |
| Admin fee / account holder | $312 | $576-45.7% | $8,285-96.2% | $430-27.4% |