Filed May 11, 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 |
|---|---|---|
EDWARD JONES1 year Service code 26 · EIN 43-0345811 | Advisory (Participants) | $10,208 |
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 | Recordkeeping | $2,034 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $52,592 | $67,703-22.3% | $127,761-58.8% | $65,185-19.3% |
| Participation rate | 65.7% | 74.5%-8.8pp | 79.0%-13.3pp | 70.2%-4.5pp |
| Annual return | 18.55% | 24.36%-5.8pp | 26.14%-7.6pp | 29.38%-10.8pp |
| Employer contribution / active EE | $6 | $3,724-99.8% | $4,574-99.9% | $2,177-99.7% |
| Participant deferral / active EE | $3,337 | $4,787-30.3% | $6,021-44.6% | $3,514-5.0% |
| Admin fee / account holder | $260 | $618-57.9% | $9,395-97.2% | $847-69.3% |