Filed June 2, 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 5-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 |
|---|---|---|
NATIONWIDE3+ years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COKUMBUS, OH 43215 | Recordkeeping | $11,615 |
RAYMOND JAMES FINANCIAL SERVICES3+ years Filed as: RAYMOND JAMES FIN SERV ADVISORS Service code 27 · EIN 59-2937883 880 CARILLON PKWY · SAINT PETERSBURG, FL 33716 | Advisory (Plan) | $8,990 |
NEXUS ADMINISTRATORS, INC.3+ years Service code 13 · EIN 77-0586222 7525 NORTH CEDAR AVENUE SUITE 109 · FRESNO, CA 93720 | Contract Administrator | $1,776 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $15,410 | $51,197-69.9% | $82,719-81.4% | $66,914-77.0% |
| Participation rate | 63.3% | 67.8%-4.5pp | 72.6%-9.3pp | 69.8%-6.5pp |
| Annual return | -16.55% | -9.64%-6.9pp | 701.18%-717.7pp | 1.58%-18.1pp |
| Employer contribution / active EE | $128 | $2,611-95.1% | $3,009-95.7% | $2,544-95.0% |
| Participant deferral / active EE | $1,828 | $3,458-47.1% | $4,395-58.4% | $4,237-56.8% |
| Admin fee / account holder | $131 | $416-68.5% | $5,329-97.5% | $593-77.9% |