Filed February 18, 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 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 |
|---|---|---|
VOYA RETIREMENT INSURANCE & ANNUITY10+ years Filed as: VOYA FINANCIAL, INC. Service code 15 · EIN 71-0294708 | Recordkeeping | $7,147,197 |
Filed as: PRUDENTIAL INSURANCE CO. Service code 51 · EIN 22-1211670 | Investment Mgmt Fees | $298,762 |
Filed as: PRUDENTIAL TRUST CO. Service code 51 · EIN 23-6994310 | Investment Mgmt Fees | $166,138 |
STATE STREET GLOBAL ADVISORS5 years Filed as: STATE STREET GLOBAL ADVISORS TRUST Service code 51 · EIN 81-4017137 | Investment Mgmt Fees | $127,602 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $28,327 | $47,385-40.2% | $56,411-49.8% | $106,382-73.4% |
| Participation rate | 58.8% | 33.2%+25.6pp | 52.5%+6.3pp | 69.9%-11.1pp |
| Annual return | 17.59% | 17.29%+0.3pp | 1701.33%-1683.7pp | 17.37%+0.2pp |
| Employer contribution / active EE | $399 | $623-36.0% | $1,039-61.6% | $3,364-88.1% |
| Participant deferral / active EE | $887 | $1,440-38.4% | $1,952-54.5% | $5,569-84.1% |
| Admin fee / account holder | $90 | $78+14.7% | $2,829-96.8% | $79+13.2% |