Filed April 8, 2022 (most recent of 3 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 |
|---|---|---|
Service code 15 · EIN 01-0233346 | Recordkeeping | $430 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $17,386 | $55,453-68.6% | $170,442-89.8% | $62,292-72.1% |
| Participation rate | 24.3% | 66.4%-42.0pp | 83.6%-59.3pp | 69.5%-45.2pp |
| Annual return | 21.77% | 21.38%+0.4pp | 205.93%-184.2pp | 28.90%-7.1pp |
| Employer contribution / active EE | $2 | $2,164-99.9% | $5,433-100.0% | $2,042-99.9% |
| Participant deferral / active EE | $1,014 | $2,303-55.9% | $4,939-79.5% | $3,169-68.0% |
| Admin fee / account holder | $184 | $455-59.5% | $13,880-98.7% | $479-61.5% |