Filed December 20, 2021
Total covered: 2 employees
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 |
|---|---|---|
Filed as: BENEFIT PLANS ADMIN SERVICES Service code 15 · EIN 16-1503696 | Recordkeeping | $24,827 |
Service code 27 · EIN 61-1758632 | Advisory (Plan) | $10,151 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
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.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,347 | $102,553-59.7% | $151,611-72.7% | $66,914-38.2% |
| Participation rate | 97.1% | 85.5%+11.6pp | 87.5%+9.6pp | 69.8%+27.3pp |
| Annual return | -12.91% | -10.82%-2.1pp | 3.33%-16.2pp | 1.58%-14.5pp |
| Employer contribution / active EE | $1,428 | $4,180-65.8% | $6,166-76.8% | $2,544-43.9% |
| Participant deferral / active EE | $3,508 | $6,641-47.2% | $8,363-58.0% | $4,237-17.2% |
| Admin fee / account holder | $319 | $630-49.3% | $11,616-97.3% | $593-46.2% |