Filed May 1, 2024
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 |
|---|---|---|
Service code 15 · EIN 01-0233346 | Recordkeeping | $6,472 |
Filed as: WILSHIRE ASSOCIATES, INC. Service code 26 · EIN 95-2755361 1299 OCEAN AVE. · SANTA MONICA, CA 90401 | Advisory (Participants) | $5,638 |
Participant 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.)
Annual investment return is in the bottom quintile of the peer cohort.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $55,232 | $118,971-53.6% | $112,977-51.1% | $73,488-24.8% |
| Participation rate | 99.0% | 83.3%+15.7pp | 82.6%+16.4pp | 70.7%+28.3pp |
| Annual return | 12.46% | 17.79%-5.3pp | 24.24%-11.8pp | 28.51%-16.1pp |
| Employer contribution / active EE | $1,969 | $4,091-51.9% | $4,255-53.7% | $2,270-13.2% |
| Participant deferral / active EE | $2,152 | $6,133-64.9% | $5,836-63.1% | $3,740-42.4% |
| Admin fee / account holder | $382 | $573-33.3% | $6,294-93.9% | $513-25.6% |