Filed March 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 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 |
|---|---|---|
401K ADVISORS INC1 year Service code 15 · EIN 33-0905143 | Recordkeeping | $36,656 |
ADP BROKER-DEALER3 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $29,929 |
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 | $94,564 | $96,484-2.0% | $156,263-39.5% | $74,304+27.3% |
| Participation rate | 84.1% | 67.7%+16.4pp | 78.9%+5.2pp | 60.3%+23.8pp |
| Annual return | 16.51% | 17.73%-1.2pp | 59.47%-43.0pp | 29.43%-12.9pp |
| Employer contribution / active EE | $2,973 | $2,528+17.6% | $4,333-31.4% | $2,241+32.6% |
| Participant deferral / active EE | $4,900 | $4,286+14.3% | $6,158-20.4% | $3,767+30.1% |
| Admin fee / account holder | $368 | $3,728-90.1% | $14,255-97.4% | $2,969-87.6% |