Filed April 16, 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 13 · EIN 06-1050034 | Contract Administrator | $5,543 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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 | $47,842 | $40,984+16.7% | $90,951-47.4% | $93,223-48.7% |
| Participation rate | 41.2% | 59.7%-18.6pp | 69.0%-27.8pp | 74.9%-33.7pp |
| Annual return | 6.55% | 17.56%-11.0pp | 134.60%-128.0pp | 19.29%-12.7pp |
| Employer contribution / active EE | $397 | $840-52.8% | $2,122-81.3% | $2,680-85.2% |
| Participant deferral / active EE | $1,850 | $1,856-0.3% | $3,373-45.2% | $4,563-59.5% |
| Admin fee / account holder | $90 | $75+19.5% | $5,959-98.5% | $79+13.3% |