Filed February 23, 2021
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 37 · EIN 04-2647786 | Loan Processing | $563 |
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.
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 | $32,515 | $51,244-36.5% | $80,975-59.8% | $55,167-41.1% |
| Participation rate | 62.3% | 71.7%-9.4pp | 75.8%-13.5pp | 69.0%-6.7pp |
| Annual return | 20.32% | 17.39%+2.9pp | 17.10%+3.2pp | 169.23%-148.9pp |
| Employer contribution / active EE | $0 | $1,770-100.0% | $3,714-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $10,051 | $4,418+127.5% | $5,696+76.5% | $3,054+229.1% |
| Admin fee / account holder | $4 | $398-99.0% | $5,516-99.9% | $504-99.2% |