Filed January 23, 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 |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $20,774 |
LPL FINANCIAL2 years Filed as: LPL FINANCIAL LLC Service code 49 · EIN 95-2834236 | Other Services | $11,022 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $73,777 | $46,722+57.9% | $130,648-43.5% | $65,185+13.2% |
| Participation rate | 33.6% | 60.9%-27.4pp | 71.7%-38.2pp | 70.2%-36.6pp |
| Annual return | 23.18% | 24.17%-1.0pp | 1708.96%-1685.8pp | 29.38%-6.2pp |
| Employer contribution / active EE | $484 | $1,488-67.5% | $4,092-88.2% | $2,177-77.8% |
| Participant deferral / active EE | $1,788 | $2,545-29.7% | $3,603-50.4% | $3,514-49.1% |
| Admin fee / account holder | $346 | $453-23.5% | $5,464-93.7% | $847-59.1% |