Filed December 10, 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 15 · EIN 13-5674085 | Recordkeeping | $33,124 |
ADP BROKER-DEALER2 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $17,277 |
ADP BROKER-DEALER7+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
Service code 37 · EIN 36-3429599 | Loan Processing | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $173,618 | $99,985+73.6% | $146,665+18.4% | $85,850+102.2% |
| Participation rate | 96.1% | 73.1%+23.0pp | 80.1%+16.0pp | 69.3%+26.8pp |
| Annual return | 18.52% | 18.93%-0.4pp | 22.74%-4.2pp | 318.53%-300.0pp |
| Employer contribution / active EE | $1,827 | $2,559-28.6% | $4,136-55.8% | $2,565-28.8% |
| Participant deferral / active EE | $7,657 | $4,006+91.1% | $5,506+39.1% | $3,952+93.8% |
| Admin fee / account holder | $416 | $7,702-94.6% | $10,280-96.0% | $6,260-93.4% |