Filed September 8, 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 |
|---|---|---|
AMERITAS LIFE INSURANCE CORP2 years Filed as: AMERITAS ADVISORY SERVICES, LLC Service code 15 5900 O STREET · LINCOLN, NE 68510 | Recordkeeping | $69,844 |
NATIONWIDE4 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $26,025 |
TAX FAVORED BENEFITS, INC.5 years Service code 13 · EIN 48-0912395 | Contract Administrator | $17,210 |
Service code 27 6504 BRIDGEPORT PARKWAY STE 450 · AUSTIN, TN 78730 | Advisory (Plan) | $0 |
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 | $77,343 | $76,670+0.9% | $96,683-20.0% | $71,457+8.2% |
| Participation rate | 96.8% | 66.6%+30.2pp | 74.3%+22.4pp | 67.9%+28.8pp |
| Annual return | 17.68% | 48.29%-30.6pp | 35.69%-18.0pp | 28.85%-11.2pp |
| Employer contribution / active EE | $2,404 | $3,031-20.7% | $3,737-35.7% | $2,588-7.1% |
| Participant deferral / active EE | $4,762 | $3,771+26.3% | $4,878-2.4% | $4,289+11.0% |
| Admin fee / account holder | $303 | $2,028-85.0% | $6,730-95.5% | $1,587-80.9% |