Filed January 19, 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 13 · EIN 42-0127290 | Contract Administrator | $45,209 |
Service code 27 · EIN 85-4001199 | Advisory (Plan) | $3,000 |
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 | $15,449 | $52,208-70.4% | $86,612-82.2% | $74,419-79.2% |
| Participation rate | 69.0% | 66.3%+2.7pp | 71.7%-2.7pp | 70.7%-1.7pp |
| Annual return | 19.16% | 44.46%-25.3pp | 591.07%-571.9pp | 34.38%-15.2pp |
| Employer contribution / active EE | $0 | $2,282-100.0% | $3,022-100.0% | $2,637-100.0% |
| Participant deferral / active EE | $2,139 | $3,383-36.8% | $4,438-51.8% | $4,528-52.8% |
| Admin fee / account holder | $82 | $319-74.1% | $5,614-98.5% | $348-76.3% |