Filed April 29, 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 |
|---|---|---|
FTB ADVISORS, INC.8+ years Service code 27 · EIN 62-1254528 | Advisory (Plan) | $53,625 |
ASCENSUS LLC5 years Service code 15 · EIN 11-3665754 | Recordkeeping | $21,837 |
WITHUMSMITH+BROWN, PC5 years Filed as: BROWN EDWARDS Service code 10 · EIN 54-0504608 | Accounting | $10,000 |
WITHUMSMITH+BROWN, PC2 years Filed as: BROWN EDWARDS CO Service code 10 513 STATE STREET · BRISTOL, VA 24201 | Accounting | $6,143 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,288 | $81,908-45.9% | $90,749-51.2% | $64,808-31.7% |
| Participation rate | 56.0% | 80.5%-24.5pp | 75.7%-19.7pp | 71.5%-15.4pp |
| Annual return | -19.07% | -12.53%-6.5pp | -12.16%-6.9pp | 32.82%-51.9pp |
| Employer contribution / active EE | $1,760 | $3,065-42.6% | $2,921-39.8% | $2,506-29.8% |
| Participant deferral / active EE | $3,460 | $4,840-28.5% | $4,564-24.2% | $4,310-19.7% |
| Admin fee / account holder | $393 | $157+150.2% | $8,445-95.3% | $188+109.4% |