Filed July 13, 2018
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 |
|---|---|---|
Filed as: TRANSITION FINANCIAL STRATEGIES LLC Service code 64 · EIN 13-4238973 154 HANSEN RD · CHARLOTTESVILLE, VA 22911 | Recordkeeping Fees | $15,531 |
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO ADVISORS INS AGENCY LLC Service code 55 10070 WHEAT FIRST DR · GLEN ALLEN, VA 23060 | Other Commissions | $13,948 |
WITHUMSMITH+BROWN, PC1 year Filed as: BROWN, EDWARDS & COMPANY, LLC Service code 10 · EIN 54-0504608 319 MCCLANAHAN STREET, S.W. · ROANOKE, VA 24014 | Accounting | $5,450 |
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).
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 | $105,718 | $72,277+46.3% | $101,248+4.4% | $79,858+32.4% |
| Participation rate | 98.8% | 68.5%+30.3pp | 75.8%+23.0pp | 69.6%+29.1pp |
| Annual return | 8.62% | 22.30%-13.7pp | 46.47%-37.9pp | 31.71%-23.1pp |
| Employer contribution / active EE | $8,610 | $2,692+219.9% | $3,660+135.3% | $2,471+248.5% |
| Participant deferral / active EE | $3,655 | $3,282+11.4% | $4,370-16.4% | $3,740-2.3% |
| Admin fee / account holder | $346 | $4,400-92.1% | $5,945-94.2% | $5,306-93.5% |