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 |
|---|---|---|
NATIONWIDE4+ years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COKUMBUS, OH 43215 | Recordkeeping | $13,917 |
RAYMOND JAMES FINANCIAL SERVICES4+ years Filed as: RAYMOND JAMES FIN SERV ADVISORS Service code 27 · EIN 59-2937883 880 CARILLON PKWY · SAINT PETERSBURG, FL 33716 | Advisory (Plan) | $11,709 |
NEXUS ADMINISTRATORS, INC.4+ years Service code 13 · EIN 77-0586222 7525 NORTH CEDAR AVENUE SUITE 109 · FRESNO, CA 93720 | Contract Administrator | $2,102 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $18,619 | $58,264-68.0% | $86,612-78.5% | $71,457-73.9% |
| Participation rate | 62.1% | 65.0%-2.9pp | 71.7%-9.6pp | 67.9%-5.8pp |
| Annual return | 15.87% | 21.63%-5.8pp | 591.07%-575.2pp | 28.85%-13.0pp |
| Employer contribution / active EE | $1,777 | $2,574-30.9% | $3,022-41.2% | $2,588-31.3% |
| Participant deferral / active EE | $1,345 | $3,436-60.8% | $4,438-69.7% | $4,289-68.6% |
| Admin fee / account holder | $145 | $1,057-86.3% | $5,614-97.4% | $1,587-90.9% |