Filed November 12, 2020
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 |
|---|---|---|
LINCOLN NATIONAL CORPORATION2 years Service code 13 · EIN 35-1140070 | Contract Administrator | $48,017 |
THE HASLAUER GROUP, INC.1 year Service code 15 1800 WILLIAMS BLVD · KENNER, LA 70062 | Recordkeeping | $2,635 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $88,024 | $101,317-13.1% | $146,958-40.1% | $74,495+18.2% |
| Participation rate | 64.1% | 75.5%-11.4pp | 82.2%-18.1pp | 67.2%-3.1pp |
| Annual return | 14.52% | 8730.91%-8716.4pp | 418.34%-403.8pp | 1364.94%-1350.4pp |
| Employer contribution / active EE | $3,669 | $3,810-3.7% | $4,933-25.6% | $2,623+39.9% |
| Participant deferral / active EE | $6,463 | $7,303-11.5% | $8,070-19.9% | $4,346+48.7% |
| Admin fee / account holder | $311 | $1,739-82.1% | $12,998-97.6% | $1,942-84.0% |