Filed October 28, 2024
Total covered: 12 employees
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 |
|---|---|---|
Filed as: VOYA RETIREMENT INS & ANNUITY CO Service code 49 | Other Services | $50,548 |
Service code 49 P.O. BOX 54 · FRANKLIN SQ, NY 11010 | Other Services | $0 |
Filed as: ECONOMIC GROUP PENSION SERVICES LLC Service code 49 · EIN 13-3180178 7734 EXCELSIOR RD STE 102 · BAXTER, MN 56425 | Other Services | $0 |
Filed as: RAYMOND JAMES FINANCIAL SERVICE Service code 99 · EIN 59-2937883 | Other Fees | $0 |
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 | $49,104 | $122,239-59.8% | $184,203-73.3% | $74,495-34.1% |
| Participation rate | 16.5% | 85.5%-68.9pp | 86.8%-70.3pp | 67.2%-50.7pp |
| Annual return | 16.90% | 19.95%-3.0pp | 28.81%-11.9pp | 1364.94%-1348.0pp |
| Employer contribution / active EE | $4,529 | $4,537-0.2% | $6,427-29.5% | $2,623+72.7% |
| Participant deferral / active EE | $7,807 | $7,139+9.4% | $9,131-14.5% | $4,346+79.7% |
| Admin fee / account holder | $2,205 | $1,260+75.0% | $13,901-84.1% | $1,942+13.5% |