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 |
|---|---|---|
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Service code 15 · EIN 01-0233346 | Recordkeeping | $7,216 |
Filed as: WILSHIRE ASSOCIATES, INC. Service code 26 · EIN 95-2755361 1299 OCEAN AVENUE · SANTA MONICA, CA 90401 | Advisory (Participants) | $5,787 |
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.)
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 | $52,394 | $113,016-53.6% | $103,476-49.4% | $74,495-29.7% |
| Participation rate | 98.3% | 80.8%+17.6pp | 80.5%+17.8pp | 67.2%+31.1pp |
| Annual return | 15.24% | 23.24%-8.0pp | 23.90%-8.7pp | 1364.94%-1349.7pp |
| Employer contribution / active EE | $2,431 | $4,881-50.2% | $4,672-48.0% | $2,623-7.3% |
| Participant deferral / active EE | $3,410 | $7,279-53.2% | $6,623-48.5% | $4,346-21.5% |
| Admin fee / account holder | $420 | $1,709-75.4% | $9,413-95.5% | $1,942-78.3% |