Filed December 13, 2014
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 5-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 | $38,585 |
Service code 27 · EIN 13-2638166 | Advisory (Plan) | $16,515 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $151,972 | $58,577+159.4% | $83,333+82.4% | $64,186+136.8% |
| Participation rate | 80.2% | 72.0%+8.2pp | 77.8%+2.5pp | 69.6%+10.7pp |
| Annual return | -3.44% | 9.65%-13.1pp | 10.63%-14.1pp | 7.63%-11.1pp |
| Employer contribution / active EE | $0 | $2,098-100.0% | $3,379-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $9,131 | $4,654+96.2% | $5,565+64.1% | $3,470+163.2% |
| Admin fee / account holder | $557 | $9,275-94.0% | $7,510-92.6% | $4,888-88.6% |