Filed April 4, 2022
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 |
|---|---|---|
Filed as: FIRST LIGHT WEALTH LLC Service code 27 405 EAST CHOCOLATE AVE, SUITE 101A · HERSHEY, PA 17033 | Advisory (Plan) | $23,350 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $7,793 |
ADP BROKER-DEALER5 years Filed as: ADP, INC. Service code 27 · EIN 13-3036745 | Advisory (Plan) | $7,386 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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).
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 | $31,892 | $106,028-69.9% | $146,958-78.3% | $77,643-58.9% |
| Participation rate | 43.7% | 78.4%-34.6pp | 82.2%-38.4pp | 70.6%-26.8pp |
| Annual return | 26.51% | 56.73%-30.2pp | 418.34%-391.8pp | 31.24%-4.7pp |
| Employer contribution / active EE | $520 | $4,063-87.2% | $4,933-89.5% | $2,726-80.9% |
| Participant deferral / active EE | $4,752 | $7,990-40.5% | $8,070-41.1% | $4,647+2.2% |
| Admin fee / account holder | $75 | $337-77.8% | $12,998-99.4% | $430-82.6% |