Filed March 6, 2024 (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 |
|---|---|---|
PNC BANK, N.A.5+ years Service code 25 · EIN 22-1146430 | Directed Trustee | $49,565 |
NEWPORT GROUP, INC.1 year Service code 15 · EIN 27-2037969 | Recordkeeping | $35,104 |
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.
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 | $69,498 | $44,794+55.1% | $90,281-23.0% | $77,787-10.7% |
| Participation rate | 23.6% | 66.6%-42.9pp | 73.3%-49.6pp | 73.2%-49.6pp |
| Annual return | 21.15% | 28.23%-7.1pp | 78.10%-56.9pp | 32.57%-11.4pp |
| Employer contribution / active EE | $443 | $1,809-75.5% | $2,854-84.5% | $2,504-82.3% |
| Participant deferral / active EE | $551 | $2,642-79.1% | $3,885-85.8% | $3,967-86.1% |
| Admin fee / account holder | $168 | $94+77.5% | $5,351-96.9% | $100+67.6% |