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 | $7,681 |
Filed as: WILSHIRE ASSOCIATES, INC. Service code 26 · EIN 95-2755361 1299 OCEAN AVENUE · SANTA MONICA, CA 90401 | Advisory (Participants) | $5,183 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $55,965 | $101,955-45.1% | $112,887-50.4% | $71,457-21.7% |
| Participation rate | 96.2% | 82.1%+14.1pp | 80.5%+15.7pp | 67.9%+28.3pp |
| Annual return | 12.13% | 28.92%-16.8pp | 34.10%-22.0pp | 28.85%-16.7pp |
| Employer contribution / active EE | $2,343 | $4,743-50.6% | $4,563-48.7% | $2,588-9.5% |
| Participant deferral / active EE | $2,528 | $6,771-62.7% | $6,513-61.2% | $4,289-41.0% |
| Admin fee / account holder | $449 | $1,395-67.8% | $7,047-93.6% | $1,587-71.7% |