Filed May 28, 2024 (most recent of 2 filings on file)
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 |
|---|---|---|
Filed as: PENSIONMARK FINANCIAL GROUP, LLC Service code 15 · EIN 61-1758632 | Recordkeeping | $21,782 |
ADP BROKER-DEALER3 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $17,255 |
ADP BROKER-DEALER3 years Service code 59 · EIN 22-3319984 | Shareholder Servicing | $0 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,954 | $102,553-56.2% | $151,611-70.3% | $66,914-32.8% |
| Participation rate | 95.2% | 85.5%+9.7pp | 87.5%+7.7pp | 69.8%+25.4pp |
| Annual return | -16.69% | -10.82%-5.9pp | 3.33%-20.0pp | 1.58%-18.3pp |
| Employer contribution / active EE | $3,501 | $4,180-16.2% | $6,166-43.2% | $2,544+37.6% |
| Participant deferral / active EE | $3,226 | $6,641-51.4% | $8,363-61.4% | $4,237-23.9% |
| Admin fee / account holder | $300 | $630-52.3% | $11,616-97.4% | $593-49.4% |