Filed February 22, 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 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 64 · EIN 71-0294708 | Recordkeeping Fees | $1,800 |
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).
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 | $25,297 | $44,229-42.8% | $155,790-83.8% | $55,191-54.2% |
| Participation rate | 25.8% | 60.8%-35.0pp | 76.1%-50.3pp | 69.2%-43.3pp |
| Annual return | 0.60% | 0.37%+0.2pp | 71.54%-70.9pp | 10.78%-10.2pp |
| Employer contribution / active EE | $358 | $1,317-72.8% | $3,836-90.7% | $1,899-81.1% |
| Participant deferral / active EE | $1,023 | $2,851-64.1% | $4,797-78.7% | $3,046-66.4% |
| Admin fee / account holder | $10 | $86-88.1% | $7,478-99.9% | $91-88.7% |