Filed March 22, 2024
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 |
|---|---|---|
T ROWE PRICE RPS INC11+ years Service code 15 1307 POINT STREET · BALTIMORE, MD 21231 | Recordkeeping | $333,929 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $143,487 | $151,876-5.5% | $113,168+26.8% | $117,739+21.9% |
| Participation rate | 64.1% | 92.5%-28.4pp | 76.6%-12.5pp | 76.6%-12.5pp |
| Annual return | 14.25% | 15.75%-1.5pp | 24.27%-10.0pp | 17.29%-3.0pp |
| Employer contribution / active EE | $1,690 | $4,598-63.2% | $2,975-43.2% | $3,746-54.9% |
| Participant deferral / active EE | $5,346 | $7,767-31.2% | $5,107+4.7% | $6,128-12.8% |
| Admin fee / account holder | $62 | $70-10.9% | $12,068-99.5% | $112-44.3% |