Filed January 29, 2024
Total covered: 32 employees
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 | Recordkeeping and information managem... | $1,657 |
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.
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 | $32,625 | $47,126-30.8% | $149,673-78.2% | $74,419-56.2% |
| Participation rate | 32.5% | 63.4%-30.9pp | 78.8%-46.3pp | 70.7%-38.2pp |
| Annual return | 16.64% | 22.75%-6.1pp | 134.42%-117.8pp | 34.38%-17.7pp |
| Employer contribution / active EE | $436 | $1,905-77.1% | $4,818-90.9% | $2,637-83.5% |
| Participant deferral / active EE | $554 | $2,728-79.7% | $5,680-90.2% | $4,528-87.8% |
| Admin fee / account holder | $4 | $343-98.9% | $13,210-100.0% | $348-98.9% |