Filed January 13, 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 |
|---|---|---|
Filed as: BENEFIT PLANS ADMINISTRATIVE SVCS Service code 15 · EIN 16-1503696 6 RHOADS DRIVE · UTICA, NY 135026374 | Recordkeeping | $6,226 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $19,370 | $65,592-70.5% | $90,160-78.5% | $69,631-72.2% |
| Participation rate | 64.0% | 77.6%-13.6pp | 76.9%-12.9pp | 70.7%-6.7pp |
| Annual return | 16.84% | 57.10%-40.3pp | 34.88%-18.0pp | 27571.02%-27554.2pp |
| Employer contribution / active EE | $589 | $2,193-73.1% | $3,318-82.2% | $2,032-71.0% |
| Participant deferral / active EE | $1,021 | $5,257-80.6% | $5,288-80.7% | $3,224-68.3% |
| Admin fee / account holder | $16 | $86-81.0% | $5,943-99.7% | $110-85.3% |