Filed October 31, 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 |
|---|---|---|
Service code 15 · EIN 13-5674085 | Recordkeeping | $32,521 |
ADP BROKER-DEALER6 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $9,099 |
ADP BROKER-DEALER11+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $103,284 | $71,964+43.5% | $167,512-38.3% | $85,563+20.7% |
| Participation rate | 49.6% | 61.0%-11.3pp | 77.1%-27.4pp | 66.0%-16.3pp |
| Annual return | 13.84% | 18.83%-5.0pp | 1615.79%-1602.0pp | 31.51%-17.7pp |
| Employer contribution / active EE | $916 | $1,875-51.1% | $3,882-76.4% | $2,654-65.5% |
| Participant deferral / active EE | $4,521 | $4,110+10.0% | $6,405-29.4% | $4,375+3.3% |
| Admin fee / account holder | $238 | $815-70.8% | $9,769-97.6% | $834-71.5% |