Filed April 18, 2019
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 6-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 | $60,151 |
IRA GROUP1+ years Service code 16 · EIN 58-1989031 | Consulting | $12,560 |
PLANTE & MORAN, PLLC1+ years Service code 10 · EIN 38-1357951 | Accounting | $12,350 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $53,623 | $86,791-38.2% | $115,037-53.4% | $59,188-9.4% |
| Participation rate | 61.5% | 72.8%-11.3pp | 81.4%-19.8pp | 69.4%-7.9pp |
| Annual return | 7.03% | 4.44%+2.6pp | 26.14%-19.1pp | 5.51%+1.5pp |
| Employer contribution / active EE | $1,448 | $2,950-50.9% | $4,608-68.6% | $2,098-31.0% |
| Participant deferral / active EE | $2,976 | $5,298-43.8% | $6,026-50.6% | $3,265-8.9% |
| Admin fee / account holder | $36 | $95-61.8% | $8,175-99.6% | $92-60.6% |