Filed December 23, 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 12 · EIN 27-2037969 | Recordkeeping fees; Claims processing... | $227,137 |
NEWPORT GROUP, INC.2+ years Filed as: NEWPORT TRUST COMPANY Service code 12 · EIN 27-4411131 | Trustee (directed); Claims processing... | $85,318 |
CONOVER CAPITAL MANAGEMENT3+ years Service code 27 P.O. BOX 3299 · KIRKLAND, WA 980833299 | Advisory (Plan) | $40,000 |
MOSS ADAMS LLP3+ years Filed as: MOSS ADAMS, LLP Service code 10 · EIN 91-0189318 | Accounting | $29,053 |
THORSON BARNETT & MCDONALD, P.C.3+ years Service code 29 3315 TWO UNION SQUARE · SEATTLE, WA 98101 | Legal | $9,927 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $70,563 | $89,274-21.0% | $149,718-52.9% | $77,958-9.5% |
| Participation rate | 99.4% | 87.6%+11.8pp | 87.1%+12.4pp | 71.6%+27.8pp |
| Annual return | 7.71% | 20.36%-12.6pp | 1501.63%-1493.9pp | 20.87%-13.2pp |
| Employer contribution / active EE | $4,439 | $3,727+19.1% | $5,445-18.5% | $2,310+92.1% |
| Participant deferral / active EE | $3,085 | $5,382-42.7% | $6,569-53.0% | $3,537-12.8% |
| Admin fee / account holder | $132 | $240-44.8% | $11,283-98.8% | $97+35.9% |