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 |
|---|---|---|
FINANCIAL SOLUTIONS MIDWEST, LLC3+ years Filed as: FINANCIAL SOLUTIONS Service code 27 937 W. RANDOLPH STREET, · CHICAGO, IL 60607 | Advisory (Plan) | $17,211 |
Service code 12 1809 24TH STREET · GREAT BEND, KS 67530 | Recordkeeping and information managem... | $825 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $56,434 | $80,753-30.1% | $136,294-58.6% | $62,292-9.4% |
| Participation rate | 28.2% | 73.5%-45.4pp | 81.9%-53.7pp | 69.5%-41.3pp |
| Annual return | 23.53% | 35.83%-12.3pp | 5155.94%-5132.4pp | 28.90%-5.4pp |
| Employer contribution / active EE | $7 | $2,884-99.8% | $4,695-99.8% | $2,042-99.6% |
| Participant deferral / active EE | $3,019 | $5,164-41.5% | $6,247-51.7% | $3,169-4.7% |
| Admin fee / account holder | $318 | $525-39.4% | $9,243-96.6% | $479-33.6% |