Filed January 10, 2023
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: ONEDIGITAL INVESTMENT ADVISORS Service code 27 · EIN 43-1451524 | Advisory (Plan) | $50,956 |
Service code 15 · EIN 13-3689044 | Recordkeeping | $37,425 |
BDO USA, LLP2 years Filed as: BDO Service code 10 · EIN 13-5381590 | Accounting | $30,200 |
ASCENSUS LLC5 years Filed as: FUTUREPLAN BY ASCENSUS Service code 15 · EIN 82-3719843 | Recordkeeping | $6,518 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $122,088 | $122,239-0.1% | $184,203-33.7% | $74,495+63.9% |
| Participation rate | 92.6% | 85.5%+7.1pp | 86.8%+5.8pp | 67.2%+25.4pp |
| Annual return | 15.97% | 19.95%-4.0pp | 28.81%-12.8pp | 1364.94%-1349.0pp |
| Employer contribution / active EE | $4,933 | $4,537+8.7% | $6,427-23.2% | $2,623+88.1% |
| Participant deferral / active EE | $17,914 | $7,139+150.9% | $9,131+96.2% | $4,346+312.2% |
| Admin fee / account holder | $785 | $1,260-37.7% | $13,901-94.4% | $1,942-59.6% |