Filed June 14, 2022
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 8-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: MICHAEL PALLOZZI Service code 26 102 WEST HIGH STREET · GLASSBORO, NJ 08028 | Advisory (Participants) | $24,167 |
EPLAN ADVISORS, LLC3 years Filed as: EPLAN SERVICES, INC. Service code 13 4300 KITTREDGE ST., SUITE 100 · DENVER, CO 80239 | Contract Administrator | $2,014 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,887 | $82,978-64.0% | $129,995-77.0% | $71,457-58.2% |
| Participation rate | 46.8% | 74.1%-27.3pp | 78.5%-31.7pp | 67.9%-21.1pp |
| Annual return | 15.72% | 20.60%-4.9pp | -137.18%+152.9pp | 28.85%-13.1pp |
| Employer contribution / active EE | $1,328 | $2,622-49.3% | $4,320-69.3% | $2,588-48.7% |
| Participant deferral / active EE | $2,695 | $4,432-39.2% | $5,820-53.7% | $4,289-37.2% |
| Admin fee / account holder | $161 | $1,729-90.7% | $10,614-98.5% | $1,587-89.8% |