Filed August 1, 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 9-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 |
|---|---|---|
COUNTRY TRUST BANK7+ years Service code 15 1705 TOWANDA AVE · BLOOMINGTON, IL 61761 | Recordkeeping | $15,064 |
NEWPORT GROUP, INC.1 year Service code 13 · EIN 27-2037969 | Contract Administrator | $6,136 |
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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,016 | $79,124-77.2% | $60,874-70.4% | $64,808-72.2% |
| Participation rate | 33.3% | 77.7%-44.4pp | 73.1%-39.8pp | 71.5%-38.1pp |
| Annual return | -13.48% | -7.13%-6.4pp | 16.90%-30.4pp | 32.82%-46.3pp |
| Employer contribution / active EE | $0 | $3,050-100.0% | $2,701-100.0% | $2,506-100.0% |
| Participant deferral / active EE | $911 | $3,725-75.5% | $3,817-76.1% | $4,310-78.9% |
| Admin fee / account holder | $151 | $106+42.6% | $3,224-95.3% | $188-19.8% |