Filed October 23, 2024 (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 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 |
|---|---|---|
JPMORGAN INVEST HOLDINGS LLC4 years Service code 64 · EIN 13-2624428 | Recordkeeping Fees | $279,300 |
KAUFMAN ROSSIN & CO4 years Filed as: KAUFMAN ROSSIN & CO P.A. Service code 10 2699 S BAYSHORE DR · MIAMI, FL 33133 | Accounting | $143,625 |
MERCER3 years Filed as: MERCER (US) INC MERCER INVESTMENTS Service code 27 21875 NETWORK PLACE · CHICAGO, IL 60673 | Advisory (Plan) | $112,500 |
MMA SECURITIES LLC1 year Service code 99 PO BOX 9497 · NEW YORK, NY 10087 | Other Fees | $36,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $46,033 | $140,769-67.3% | $167,512-72.5% | $140,769-67.3% |
| Participation rate | 43.4% | 74.2%-30.8pp | 77.1%-33.7pp | 74.2%-30.8pp |
| Annual return | 15.93% | 16.82%-0.9pp | 1615.79%-1599.9pp | 16.82%-0.9pp |
| Employer contribution / active EE | $557 | $3,906-85.7% | $3,882-85.7% | $3,906-85.7% |
| Participant deferral / active EE | $2,217 | $6,717-67.0% | $6,405-65.4% | $6,717-67.0% |
| Admin fee / account holder | $69 | $229-70.1% | $9,769-99.3% | $229-70.1% |