Filed March 13, 2025
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 |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $19,429 |
UBS FINANCIAL SERVICES INC2+ years Service code 27 · EIN 51-0120742 | Advisory (Plan) | $12,110 |
NOVA 401(K) ASSOCIATES1 year Filed as: NOVA 401(K) ASSOCIATES, LLC Service code 13 10777 NORTHWEST FREEWAY, SUITE 440 · HOUSTON, TX 77092 | Contract Administrator | $4,017 |
Filed as: UBS FINANCIAL SERVICES INSURANCE AG Service code 55 | Other Commissions | $609 |
Service code 64 · EIN 84-0467907 | Recordkeeping Fees | $0 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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).
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 | $9,256 | $46,173-80.0% | $170,442-94.6% | $69,631-86.7% |
| Participation rate | 56.3% | 63.9%-7.6pp | 83.6%-27.3pp | 70.7%-14.4pp |
| Annual return | 16.84% | 21.62%-4.8pp | 205.93%-189.1pp | 27571.02%-27554.2pp |
| Employer contribution / active EE | $0 | $1,610-100.0% | $5,433-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $735 | $2,080-64.7% | $4,939-85.1% | $3,224-77.2% |
| Admin fee / account holder | $62 | $116-46.6% | $13,880-99.6% | $110-44.0% |