Filed May 15, 2023 (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 |
|---|---|---|
ASCENSUS LLC2 years Filed as: ASCENSUS Service code 49 PO BOX 734602 · CHICAGO, IL 60673 | Other Services | $17,249 |
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381 | Advisory (Participants) | $8,504 |
Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 26 · EIN 71-0294708 | Advisory (Participants) | $8,504 |
MORNINGSTAR9+ years Service code 27 · EIN 36-3297908 | Advisory (Plan) | $5,744 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $34,703 | $50,127-30.8% | $149,673-76.8% | $80,160-56.7% |
| Participation rate | 40.3% | 64.3%-24.0pp | 78.8%-38.5pp | 72.9%-32.7pp |
| Annual return | 16.46% | 29.82%-13.4pp | 134.42%-118.0pp | 40.38%-23.9pp |
| Employer contribution / active EE | $421 | $1,865-77.4% | $4,818-91.3% | $2,978-85.9% |
| Participant deferral / active EE | $1,280 | $3,194-59.9% | $5,680-77.5% | $5,017-74.5% |
| Admin fee / account holder | $36 | $153-76.6% | $13,210-99.7% | $145-75.3% |