Filed March 25, 2025
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 |
|---|---|---|
PROVENANCE WEALTH ADVISORS2 years Filed as: PROVENANCE WEALTH ADVISORS, LLC Service code 26 · EIN 65-0978008 | Advisory (Participants) | $30,821 |
Service code 15 · EIN 01-0233346 | Recordkeeping | $4,431 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,947 | $73,360-25.1% | $177,989-69.1% | $74,495-26.2% |
| Participation rate | 63.4% | 66.6%-3.2pp | 77.1%-13.7pp | 67.2%-3.8pp |
| Annual return | 11.67% | 17.49%-5.8pp | 294.48%-282.8pp | 1364.94%-1353.3pp |
| Employer contribution / active EE | $492 | $2,216-77.8% | $3,949-87.5% | $2,623-81.2% |
| Participant deferral / active EE | $3,400 | $4,513-24.7% | $6,276-45.8% | $4,346-21.8% |
| Admin fee / account holder | $377 | $1,808-79.2% | $10,363-96.4% | $1,942-80.6% |