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 | $27,254 |
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $17,427 | $64,612-73.0% | $86,436-79.8% | $64,808-73.1% |
| Participation rate | 79.4% | 81.5%-2.1pp | 80.3%-1.0pp | 71.5%+7.9pp |
| Annual return | -16.84% | 0.66%-17.5pp | 4394.89%-4411.7pp | 32.82%-49.7pp |
| Employer contribution / active EE | $847 | $2,744-69.2% | $3,769-77.5% | $2,506-66.2% |
| Participant deferral / active EE | $1,301 | $7,497-82.6% | $6,952-81.3% | $4,310-69.8% |
| Admin fee / account holder | $26 | $169-84.6% | $6,731-99.6% | $188-86.1% |