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 |
|---|---|---|
LPL FINANCIAL1+ years Filed as: FINANCIAL ADVOCATES INVESTMENT MGMT Service code 15 · EIN 27-0435466 | Recordkeeping | $14,730 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $29,365 | $205,730-85.7% | $63,517-53.8% | - |
| Participation rate | 85.1% | 64.1%+21.0pp | 71.0%+14.1pp | - |
| Annual return | 0.54% | 2.27%-1.7pp | -70.30%+70.8pp | - |
| Employer contribution / active EE | $1,590 | $1,760-9.7% | $2,322-31.5% | - |
| Participant deferral / active EE | $2,730 | $2,679+1.9% | $2,953-7.6% | - |
| Admin fee / account holder | $80 | $19,056-99.6% | $5,892-98.6% | - |