Filed January 19, 2024
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 |
|---|---|---|
STANCORP FINANCIAL GROUP6+ years Service code 12 · EIN 93-1253576 | Custodial (securities); Sub-transfer ... | $27,750 |
Filed as: INDEPENDENT FINANCIAL GROUP, LLC Service code 27 · EIN 71-0927304 | Advisory (Plan) | $12,781 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $19,399 | $52,293-62.9% | $178,490-89.1% | $73,409-73.6% |
| Participation rate | 27.2% | 65.3%-38.1pp | 81.9%-54.7pp | 72.2%-45.0pp |
| Annual return | 21.75% | 34.75%-13.0pp | 151.07%-129.3pp | 59.29%-37.5pp |
| Employer contribution / active EE | $147 | $1,735-91.5% | $5,011-97.1% | $2,234-93.4% |
| Participant deferral / active EE | $1,023 | $2,332-56.1% | $5,202-80.3% | $3,805-73.1% |
| Admin fee / account holder | $257 | $127+101.4% | $13,984-98.2% | $158+62.5% |