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 GROUP8+ years Service code 12 · EIN 93-1253576 | Custodial (securities); Recordkeeping... | $40,022 |
Filed as: INDEPENDENT FINANCIAL GROUP, LLC Service code 27 · EIN 71-0927304 | Advisory (Plan) | $20,215 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,902 | $46,292-76.4% | $143,757-92.4% | $64,808-83.2% |
| Participation rate | 53.8% | 64.2%-10.5pp | 80.3%-26.6pp | 71.5%-17.7pp |
| Annual return | -16.62% | -10.05%-6.6pp | -0.04%-16.6pp | 32.82%-49.4pp |
| Employer contribution / active EE | $499 | $1,910-73.9% | $4,951-89.9% | $2,506-80.1% |
| Participant deferral / active EE | $1,369 | $2,646-48.3% | $5,637-75.7% | $4,310-68.2% |
| Admin fee / account holder | $176 | $154+14.7% | $14,673-98.8% | $188-6.1% |