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 | $38,560 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $42,871 | $46,100-7.0% | $86,590-50.5% | $69,631-38.4% |
| Participation rate | 24.9% | 67.2%-42.3pp | 73.5%-48.6pp | 70.7%-45.8pp |
| Annual return | 12.98% | 21.02%-8.0pp | 964.84%-951.9pp | 27571.02%-27558.0pp |
| Employer contribution / active EE | $274 | $1,850-85.2% | $2,839-90.4% | $2,032-86.5% |
| Participant deferral / active EE | $723 | $2,432-70.3% | $3,609-80.0% | $3,224-77.6% |
| Admin fee / account holder | $354 | $94+277.1% | $4,906-92.8% | $110+220.3% |