Filed September 15, 2023
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 |
|---|---|---|
TIAA5 years Service code 64 · EIN 13-1624203 | Recordkeeping Fees | $39,072 |
RAFFA WEALTH MANAGEMENT, LLC3 years Filed as: RAFFA RETIREMENT DBA GRP, LLC Service code 27 · EIN 47-1411118 | Advisory (Plan) | $37,666 |
Filed as: GLOBAL RETIREMENT PARTNERS, LLC Service code 27 · EIN 47-1411118 | Advisory (Plan) | $22,000 |
Filed as: MULLEN, SONDBERG, WIMBISH & STONE Service code 10 · EIN 52-1197902 | Accounting | $6,500 |
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 | $96,641 | $67,984+42.2% | $65,493+47.6% | $74,304+30.1% |
| Participation rate | 94.4% | 66.3%+28.1pp | 73.1%+21.3pp | 60.3%+34.1pp |
| Annual return | 12.12% | 19.87%-7.7pp | 982.45%-970.3pp | 29.43%-17.3pp |
| Employer contribution / active EE | $2,813 | $2,491+12.9% | $2,574+9.3% | $2,241+25.5% |
| Participant deferral / active EE | $5,490 | $3,346+64.1% | $3,961+38.6% | $3,767+45.7% |
| Admin fee / account holder | $326 | $1,373-76.2% | $5,028-93.5% | $2,969-89.0% |