Filed June 28, 2016
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 |
|---|---|---|
Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 15 · EIN 84-0467907 | Recordkeeping | $86,067 |
Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 50 · EIN 13-5674085 | Direct Payment | $40,253 |
RELIANCE TRUST COMPANY5 years Service code 19 · EIN 58-1428634 | Securities Custodian | $325 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant 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 | $90,272 | $93,131-3.1% | $106,548-15.3% | $86,799+4.0% |
| Participation rate | 31.2% | 81.4%-50.3pp | 76.1%-45.0pp | 72.3%-41.1pp |
| Annual return | 17.87% | 19.45%-1.6pp | 26.80%-8.9pp | 97.91%-80.0pp |
| Employer contribution / active EE | $935 | $2,895-67.7% | $2,819-66.8% | $2,405-61.1% |
| Participant deferral / active EE | $1,560 | $4,708-66.9% | $4,398-64.5% | $4,131-62.2% |
| Admin fee / account holder | $269 | $145+85.7% | $7,407-96.4% | $170+58.9% |