Filed May 19, 2017
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 |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $66,421 |
Filed as: COLTON GROOME FINANCIAL ADVISORS, L Service code 27 | Advisory (Plan) | $33,312 |
NOVA 401(K) ASSOCIATES1 year Service code 13 · EIN 20-1181458 | Contract Administrator | $5,375 |
Filed as: COLTON GROOME FINANICAL ADVISORS, L Service code 27 · EIN 36-4540515 | Advisory (Plan) | $0 |
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 | $42,453 | $55,415-23.4% | $155,509-72.7% | $74,495-43.0% |
| Participation rate | 77.9% | 61.9%+16.0pp | 78.2%-0.3pp | 67.2%+10.7pp |
| Annual return | 26.32% | 268.50%-242.2pp | 64.67%-38.4pp | 1364.94%-1338.6pp |
| Employer contribution / active EE | $2,035 | $2,267-10.2% | $4,672-56.4% | $2,623-22.4% |
| Participant deferral / active EE | $3,980 | $2,836+40.3% | $5,626-29.3% | $4,346-8.4% |
| Admin fee / account holder | $313 | $1,738-82.0% | $15,912-98.0% | $1,942-83.9% |