Filed October 5, 2022
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 |
|---|---|---|
NEWPORT GROUP, INC.2+ years Service code 15 · EIN 27-2037969 | Recordkeeping | $32,425 |
Filed as: AMERIPRISE FINANCIAL SERVICES Service code 26 70100 AMERIPRISE FINANCIAL CENTER · MINNEAPOLIS, MN 55474 | Advisory (Participants) | $26,609 |
NEWPORT GROUP, INC.1 year Filed as: NEWPORT CONSULTING, LLC Service code 27 · EIN 20-4649925 | Advisory (Plan) | $23,629 |
Service code 27 2011 EAST LAMAR BLVD., SUITE 150 · ARLINGTON, TX 76006 | Advisory (Plan) | $22,500 |
Filed as: RICHARD P. SLAUGHTER & ASSOCIATES Service code 27 13809 N. HIGHWAY 183, SUITE 905 · AUSTIN, TX 78750 | Advisory (Plan) | $21,772 |
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 | $222,725 | $80,753+175.8% | $136,294+63.4% | $62,292+257.5% |
| Participation rate | 88.5% | 73.5%+15.0pp | 81.9%+6.6pp | 69.5%+19.0pp |
| Annual return | 18.26% | 35.83%-17.6pp | 5155.94%-5137.7pp | 28.90%-10.6pp |
| Employer contribution / active EE | $11,682 | $2,884+305.1% | $4,695+148.8% | $2,042+472.0% |
| Participant deferral / active EE | $6,011 | $5,164+16.4% | $6,247-3.8% | $3,169+89.7% |
| Admin fee / account holder | $533 | $525+1.5% | $9,243-94.2% | $479+11.3% |