Filed March 21, 2024
See peer percentile detail with Solo.
Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
See the 7-year trajectory with Solo.
Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER2 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $1,765 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,862 | $46,292-70.1% | $143,757-90.4% | $64,808-78.6% |
| Participation rate | 36.1% | 64.2%-28.1pp | 80.3%-44.2pp | 71.5%-35.4pp |
| Annual return | -15.12% | -10.05%-5.1pp | -0.04%-15.1pp | 32.82%-47.9pp |
| Employer contribution / active EE | $725 | $1,910-62.0% | $4,951-85.4% | $2,506-71.1% |
| Participant deferral / active EE | $1,475 | $2,646-44.2% | $5,637-73.8% | $4,310-65.8% |
| Admin fee / account holder | $11 | $154-93.1% | $14,673-99.9% | $188-94.3% |