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 |
|---|---|---|
SUMMIT FINANCIAL CORPORATION2 years Filed as: SUMMIT BENEFIT SOLUTIONS,INC. Service code 15 · EIN 34-1888990 | Recordkeeping | $16,505 |
Service code 26 3524 COMMERCE PARKWAY · WOOSTER, OH 44691 | Advisory (Participants) | $16,308 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $44,261 | $64,954-31.9% | $115,752-61.8% | $62,292-28.9% |
| Participation rate | 64.5% | 73.0%-8.5pp | 77.8%-13.3pp | 69.5%-5.0pp |
| Annual return | 17.67% | 24.87%-7.2pp | 19.41%-1.7pp | 28.90%-11.2pp |
| Employer contribution / active EE | $850 | $2,344-63.7% | $3,492-75.7% | $2,042-58.4% |
| Participant deferral / active EE | $1,387 | $3,665-62.2% | $5,204-73.3% | $3,169-56.2% |
| Admin fee / account holder | $200 | $414-51.7% | $6,278-96.8% | $479-58.3% |