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 | $103,024+24.3% | $112,040+14.3% | $79,634+60.8% |
| Participation rate | 95.7% | 80.6%+15.2pp | 76.5%+19.2pp | 62.5%+33.2pp |
| Annual return | 15.73% | 17.60%-1.9pp | 24.52%-8.8pp | 36.46%-20.7pp |
| Employer contribution / active EE | $4,613 | $3,015+53.0% | $2,954+56.1% | $2,529+82.4% |
| Participant deferral / active EE | $14,209 | $5,233+171.6% | $5,098+178.7% | $3,835+270.6% |
| Admin fee / account holder | $332 | $465-28.7% | $12,098-97.3% | $1,002-66.9% |