Filed November 14, 2022
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 |
|---|---|---|
FIDELITY INVESTMENTS INSTITUTIONAL11+ years Service code 37 · EIN 04-2647786 | Loan Processing | $95,275 |
Service code 27 · EIN 33-0905143 | Advisory (Plan) | $84,969 |
STRATEGIC ADVISORS, INC.7 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $19,987 |
KBF CPAS - AUDIT, LLP2 years Service code 10 · EIN 33-2366711 | Accounting | $8,000 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $128,063 | $98,727+29.7% | $113,168+13.2% | $85,563+49.7% |
| Participation rate | 95.7% | 80.8%+14.9pp | 76.6%+19.1pp | 66.0%+29.7pp |
| Annual return | 15.73% | 17.43%-1.7pp | 24.27%-8.5pp | 31.51%-15.8pp |
| Employer contribution / active EE | $4,613 | $2,907+58.7% | $2,975+55.0% | $2,654+73.8% |
| Participant deferral / active EE | $14,209 | $5,424+162.0% | $5,107+178.2% | $4,375+224.8% |
| Admin fee / account holder | $332 | $357-7.0% | $12,068-97.3% | $834-60.3% |