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 JONES4 years Service code 26 · EIN 43-0345811 | Advisory (Participants) | $14,227 |
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 | Recordkeeping | $1,444 |
Filed as: WILSHIRE ASSOCIATES, INC. Service code 26 · EIN 43-0345811 | Advisory (Participants) | $1,138 |
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 | $65,190 | $76,912-15.2% | $129,110-49.5% | $68,494-4.8% |
| Participation rate | 48.5% | 69.1%-20.7pp | 77.3%-28.8pp | 67.9%-19.4pp |
| Annual return | -20.87% | -9.78%-11.1pp | -10.94%-9.9pp | -7.84%-13.0pp |
| Employer contribution / active EE | $0 | $3,243-100.0% | $5,052-100.0% | $2,596-100.0% |
| Participant deferral / active EE | $3,588 | $4,732-24.2% | $6,542-45.2% | $4,027-10.9% |
| Admin fee / account holder | $356 | $6,638-94.6% | $14,302-97.5% | $5,403-93.4% |