Filed January 3, 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 |
|---|---|---|
BB&T1 year Service code 16 · EIN 56-1368984 | Consulting | $27,315 |
Service code 15 · EIN 01-0233346 | Recordkeeping | $21,158 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $12,915 | $48,072-73.1% | $182,532-92.9% | $77,787-83.4% |
| Participation rate | 39.2% | 64.3%-25.0pp | 78.0%-38.8pp | 73.2%-34.0pp |
| Annual return | 24.46% | 31.26%-6.8pp | 148.54%-124.1pp | 32.57%-8.1pp |
| Employer contribution / active EE | $795 | $1,453-45.3% | $4,076-80.5% | $2,504-68.3% |
| Participant deferral / active EE | $1,343 | $3,209-58.1% | $5,524-75.7% | $3,967-66.1% |
| Admin fee / account holder | $34 | $131-74.0% | $8,592-99.6% | $100-65.8% |