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.3 years Filed as: WELLS FARGO CLEARING SERVICES, LLC Service code 99 · EIN 34-1542819 | Other Fees | $13,840 |
Filed as: TRANSITION FINANCIAL STRATEGIES LLC Service code 49 · EIN 13-4238973 154 HANSEN RD · CHARLOTTESVILLE, VA 22911 | Other Services | $10,980 |
YOUNT, HYDE & BARBOUR, P.C.2 years Filed as: YOUNT, HYDE & BARBOUR, PC Service code 10 · EIN 54-1149263 | Accounting | $5,450 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $158,098 | $81,460+94.1% | $103,333+53.0% | $80,856+95.5% |
| Participation rate | 91.4% | 66.8%+24.5pp | 74.5%+16.8pp | 67.6%+23.7pp |
| Annual return | 11.30% | 25.55%-14.2pp | 24.88%-13.6pp | 35.59%-24.3pp |
| Employer contribution / active EE | $9,603 | $3,105+209.3% | $3,868+148.3% | $2,755+248.6% |
| Participant deferral / active EE | $5,243 | $3,869+35.5% | $5,057+3.7% | $4,296+22.1% |
| Admin fee / account holder | $355 | $6,566-94.6% | $8,355-95.8% | $6,918-94.9% |