Filed December 12, 2023
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 |
|---|---|---|
JANNEY MONTGOMERY SCOTT LLC6 years Filed as: JANNEY MONTGOMERY SCOTT, LLC. Service code 26 1717 ARCH STREET · PHILADELPHIA, PA 19103 | Advisory (Participants) | $81,137 |
NWPS6 years Service code 15 · EIN 91-2090931 | Recordkeeping | $43,864 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $193,819 | $49,915+288.3% | $154,803+25.2% | $74,304+160.8% |
| Participation rate | 93.3% | 54.0%+39.3pp | 78.1%+15.2pp | 60.3%+32.9pp |
| Annual return | 16.96% | 34.06%-17.1pp | 58.88%-41.9pp | 29.43%-12.5pp |
| Employer contribution / active EE | $4,565 | $1,611+183.3% | $4,305+6.0% | $2,241+103.7% |
| Participant deferral / active EE | $4,872 | $2,255+116.1% | $5,540-12.1% | $3,767+29.3% |
| Admin fee / account holder | $525 | $2,189-76.0% | $14,329-96.3% | $2,969-82.3% |