Filed February 16, 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 6-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 |
|---|---|---|
LINCOLN NATIONAL CORPORATION3+ years Service code 13 · EIN 35-0472300 PO BOX 7877 · FORT WAYNE, IN 46802 | Contract Administrator | $93,009 |
Filed as: M2B RETIREMENT CONSULTING Service code 13 · EIN 81-3989034 | Contract Administrator | $8,461 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $83,075 | $64,119+29.6% | $112,228-26.0% | $66,914+24.2% |
| Participation rate | 100.0% | 68.5%+31.5pp | 75.1%+24.9pp | 69.8%+30.2pp |
| Annual return | -16.38% | -13.81%-2.6pp | 27.45%-43.8pp | 1.58%-18.0pp |
| Employer contribution / active EE | $7,498 | $3,005+149.5% | $3,635+106.3% | $2,544+194.7% |
| Participant deferral / active EE | $3,113 | $3,693-15.7% | $4,728-34.2% | $4,237-26.5% |
| Admin fee / account holder | $547 | $625-12.6% | $6,410-91.5% | $593-7.9% |