Filed February 12, 2024 (most recent of 2 filings on file)
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 |
|---|---|---|
PNC BANK, N.A.3+ years Service code 25 · EIN 22-1146430 | Directed Trustee | $28,831 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $70,254 | $60,545+16.0% | $92,233-23.8% | $69,631+0.9% |
| Participation rate | 17.5% | 72.2%-54.7pp | 76.5%-59.0pp | 70.7%-53.2pp |
| Annual return | 14.81% | 19.71%-4.9pp | 176.28%-161.5pp | 27571.02%-27556.2pp |
| Employer contribution / active EE | $0 | $2,633-100.0% | $3,679-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $987 | $2,828-65.1% | $3,897-74.7% | $3,224-69.4% |
| Admin fee / account holder | $269 | $145+86.1% | $5,194-94.8% | $110+144.0% |