Filed March 22, 2021
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 12 320 PARK AVENUE · NEW YORK, NY 10022 | Claims processing; Recordkeeping and ... | $587 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $23,992 | $58,879-59.3% | $178,490-86.6% | $73,488-67.4% |
| Participation rate | 17.4% | 66.2%-48.8pp | 81.9%-64.5pp | 70.7%-53.3pp |
| Annual return | 9.54% | 24.86%-15.3pp | 151.07%-141.5pp | 28.51%-19.0pp |
| Employer contribution / active EE | $788 | $2,236-64.8% | $5,011-84.3% | $2,270-65.3% |
| Participant deferral / active EE | $778 | $2,567-69.7% | $5,202-85.1% | $3,740-79.2% |
| Admin fee / account holder | $6 | $400-98.5% | $13,984-100.0% | $513-98.8% |