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 |
|---|---|---|
WELLS FARGO BANK, N.A.4 years Filed as: WELLS FARGO ADVISORS INS AGENCY LLC Service code 55 10070 WHEAT FIRST DR · GLEN ALLEN, VA 23060 | Other Commissions | $15,573 |
Filed as: TRANSITION FINANCIAL STRATEGIES LLC Service code 64 · EIN 13-4238973 154 HANSEN RD · CHARLOTTESVILLE, VA 22911 | Recordkeeping Fees | $9,419 |
Service code 10 · EIN 54-1149263 | Accounting | $5,000 |
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 | $122,715 | $78,672+56.0% | $109,143+12.4% | $85,850+42.9% |
| Participation rate | 97.3% | 68.3%+29.0pp | 75.9%+21.4pp | 69.3%+28.0pp |
| Annual return | 10.96% | 25.09%-14.1pp | 25.75%-14.8pp | 318.53%-307.6pp |
| Employer contribution / active EE | $6,670 | $2,735+143.9% | $3,722+79.2% | $2,565+160.0% |
| Participant deferral / active EE | $3,881 | $3,467+11.9% | $4,653-16.6% | $3,952-1.8% |
| Admin fee / account holder | $303 | $5,469-94.5% | $6,752-95.5% | $6,260-95.2% |