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 |
|---|---|---|
NATIONWIDE4+ years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $28,240 |
THE BENEFIT ADVANTAGE, INC.4+ years Filed as: THE BENEFIT ADVANTAGE Service code 13 · EIN 38-3254950 3497 AUBURN RD · AUBURN HILLS, MI 48432 | Contract Administrator | $7,757 |
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.)
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 | $85,060 | $59,186+43.7% | $76,768+10.8% | $56,287+51.1% |
| Participation rate | 39.2% | 75.2%-36.1pp | 77.0%-37.8pp | 69.9%-30.7pp |
| Annual return | 0.64% | 6.62%-6.0pp | 2.43%-1.8pp | -9.96%+10.6pp |
| Employer contribution / active EE | $824 | $1,759-53.1% | $2,485-66.8% | $2,111-60.9% |
| Participant deferral / active EE | $2,313 | $3,255-28.9% | $3,852-40.0% | $3,350-31.0% |
| Admin fee / account holder | $720 | $489+47.2% | $6,675-89.2% | $521+38.2% |