Filed August 20, 2020
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 |
|---|---|---|
NATIONWIDE1 year Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $24,922 |
WHITLEY PENN LLP2+ years Filed as: WHITLEY PENN Service code 10 1400 WEST 7TH STREET, · FORT WORTH, TX 76102 | Accounting | $24,672 |
Service code 37 · EIN 04-2647786 | Loan Processing | $1,487 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $6,448 | $42,582-84.9% | $171,082-96.2% | $57,658-88.8% |
| Participation rate | 49.0% | 63.9%-14.9pp | 76.7%-27.7pp | 70.2%-21.2pp |
| Annual return | 145.22% | 308.67%-163.5pp | 32.56%+112.7pp | 5.13%+140.1pp |
| Employer contribution / active EE | $336 | $1,306-74.3% | $4,002-91.6% | $1,974-83.0% |
| Participant deferral / active EE | $594 | $2,933-79.7% | $4,797-87.6% | $3,061-80.6% |
| Admin fee / account holder | $63 | $82-23.2% | $8,520-99.3% | $95-33.1% |