Filed June 4, 2018
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 |
|---|---|---|
Service code 15 · EIN 47-5476782 | Recordkeeping | $63,670 |
ADP BROKER-DEALER6 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $41,230 |
AMERICAN FUNDS8 years Filed as: THE CAPITAL GROUP Service code 15 · EIN 46-4255096 | Recordkeeping | $5,463 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,268 | $119,446-47.0% | $150,045-57.8% | $85,563-26.1% |
| Participation rate | 55.5% | 75.4%-19.9pp | 82.3%-26.8pp | 66.0%-10.5pp |
| Annual return | 15.81% | 23.72%-7.9pp | 62.55%-46.7pp | 31.51%-15.7pp |
| Employer contribution / active EE | $1,519 | $4,078-62.7% | $4,693-67.6% | $2,654-42.7% |
| Participant deferral / active EE | $5,622 | $7,985-29.6% | $7,997-29.7% | $4,375+28.5% |
| Admin fee / account holder | $389 | $548-29.0% | $13,435-97.1% | $834-53.4% |