Filed December 7, 2016 (most recent of 2 filings on file)
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 6-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; Account maintenanc... | $11,681 |
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.
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 | $6,679 | $45,000-85.2% | $143,757-95.4% | $77,904-91.4% |
| Participation rate | 61.8% | 66.8%-5.0pp | 80.3%-18.5pp | 73.7%-11.9pp |
| Annual return | -15.33% | 29.03%-44.4pp | -0.04%-15.3pp | 12.21%-27.5pp |
| Employer contribution / active EE | $649 | $1,870-65.3% | $4,951-86.9% | $2,848-77.2% |
| Participant deferral / active EE | $570 | $3,157-82.0% | $5,637-89.9% | $4,806-88.1% |
| Admin fee / account holder | $6 | $98-93.9% | $14,673-100.0% | $133-95.4% |