Filed September 23, 2020
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 |
|---|---|---|
Service code 15 · EIN 35-0145825 | Recordkeeping | $2,707 |
LINCOLN NATIONAL CORPORATION2+ years Service code 13 · EIN 35-1140070 | Contract Administrator | $425 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $54,234 | $36,916+46.9% | $156,549-65.4% | $57,658-5.9% |
| Participation rate | 50.0% | 63.4%-13.4pp | 84.0%-34.0pp | 70.2%-20.2pp |
| Annual return | 6.74% | 12.38%-5.6pp | 32.23%-25.5pp | 5.13%+1.6pp |
| Employer contribution / active EE | $543 | $1,571-65.4% | $5,501-90.1% | $1,974-72.5% |
| Participant deferral / active EE | $2,227 | $1,926+15.6% | $4,871-54.3% | $3,061-27.2% |
| Admin fee / account holder | $7 | $82-91.1% | $13,027-99.9% | $95-92.2% |