Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined contribution
Participants100-249
Cohort6,297 peers
Snapshot2024
11
Participant deferral / active EE
$1,793
median $6,954
25
Employer contribution / active EE
$1,256
median $2,669
91
Participation rate
99.3%
median 85.8%
22
Avg account balance
$35,296
median $68,981
91
Admin fee / account holder
$14
median $295
0
Annual return
0.00%
median 15.69%
Overall peer rank
48of 100
48th percentileavg across 6 metrics
See peer percentile detail with Solo.
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This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
Opportunity flags
2 tripped
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
Expense breakdown
Schedule H Part II
Admin total
$2K
$17 / participant
Contract admin$2K89.4%
Other / not subdivided$25010.6%
% of EOY assets
0.040%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
The auditor signed off without reservation. This is the cleanest opinion.