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 JONES3 years Service code 26 · EIN 43-0345811 | Advisory (Participants) | $17,622 |
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 | Recordkeeping | $1,990 |
Filed as: WILSHIRE ASSOCIATES, INC. Service code 26 · EIN 43-0345811 | Advisory (Participants) | $1,410 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $82,942 | $93,373-11.2% | $152,466-45.6% | $85,850-3.4% |
| Participation rate | 70.8% | 70.1%+0.7pp | 78.2%-7.4pp | 69.3%+1.5pp |
| Annual return | 11.21% | 21.84%-10.6pp | 757.33%-746.1pp | 318.53%-307.3pp |
| Employer contribution / active EE | $0 | $2,996-100.0% | $4,327-100.0% | $2,565-100.0% |
| Participant deferral / active EE | $5,646 | $4,550+24.1% | $5,820-3.0% | $3,952+42.9% |
| Admin fee / account holder | $384 | $13,853-97.2% | $15,805-97.6% | $6,260-93.9% |