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 |
|---|---|---|
Filed as: SUMMIT BENEFIT SOLUTIONS Service code 15 · EIN 34-1888990 630 LEXINGTON AVENUE · MANSFIELD, OH 44907 | Recordkeeping | $5,129 |
HUMMEL WEALTH MANAGEMENT1 year Service code 26 · EIN 47-2613993 P.O. BOX 250 · BERLIN, OH 44610 | Advisory (Participants) | $4,689 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $11,727 | $56,629-79.3% | $77,999-85.0% | $55,167-78.7% |
| Participation rate | 71.7% | 73.3%-1.6pp | 75.5%-3.8pp | 69.0%+2.7pp |
| Annual return | 16.18% | 2866.98%-2850.8pp | 425.96%-409.8pp | 169.23%-153.0pp |
| Employer contribution / active EE | $1,291 | $1,723-25.0% | $2,470-47.7% | $1,963-34.2% |
| Participant deferral / active EE | $1,692 | $2,777-39.1% | $3,497-51.6% | $3,054-44.6% |
| Admin fee / account holder | $127 | $467-72.8% | $5,480-97.7% | $504-74.8% |