Filed January 8, 2024
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 |
|---|---|---|
CMFG LIFE INSURANCE COMPANY5+ years Service code 15 · EIN 39-0230590 | Recordkeeping | $29,454 |
MATRIX TRUST COMPANY1 year Filed as: MSCS FINANCIAL SERVICES LLC Service code 27 717 17TH ST STE 1300 · DENVER, CO 802023304 | Advisory (Plan) | $6,303 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $71,054 | $109,359-35.0% | $162,163-56.2% | $72,985-2.6% |
| Participation rate | 98.6% | 84.3%+14.3pp | 87.6%+11.0pp | 69.5%+29.1pp |
| Annual return | 20.33% | 25.46%-5.1pp | 115.59%-95.3pp | 81.00%-60.7pp |
| Employer contribution / active EE | $3,675 | $3,907-5.9% | $5,614-34.5% | $2,440+50.6% |
| Participant deferral / active EE | $3,060 | $5,481-44.2% | $7,298-58.1% | $3,607-15.2% |
| Admin fee / account holder | $306 | $7,972-96.2% | $10,843-97.2% | $5,124-94.0% |