Filed August 10, 2017
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 |
|---|---|---|
Filed as: BENEFIT PLANS ADMIN SERVICES Service code 15 · EIN 16-1503696 | Recordkeeping | $35,882 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,275 | $39,859+3.6% | $78,689-47.5% | $57,658-28.4% |
| Participation rate | 23.5% | 66.1%-42.6pp | 73.6%-50.1pp | 70.2%-46.8pp |
| Annual return | 7.90% | 18.96%-11.1pp | 62.18%-54.3pp | 5.13%+2.8pp |
| Employer contribution / active EE | $353 | $1,786-80.2% | $2,851-87.6% | $1,974-82.1% |
| Participant deferral / active EE | $670 | $2,248-70.2% | $3,517-80.9% | $3,061-78.1% |
| Admin fee / account holder | $342 | $76+348.5% | $4,510-92.4% | $95+261.5% |