Filed October 16, 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 6-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 | $22,842 |
Service code 26 · EIN 20-1090152 | Advisory (Participants) | $5,647 |
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.
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 | $18,329 | $47,977-61.8% | $154,107-88.1% | $56,287-67.4% |
| Participation rate | 44.5% | 66.2%-21.6pp | 83.0%-38.5pp | 69.9%-25.3pp |
| Annual return | 4.36% | 3.54%+0.8pp | 735.12%-730.8pp | -9.96%+14.3pp |
| Employer contribution / active EE | $1,071 | $2,169-50.6% | $5,298-79.8% | $2,111-49.3% |
| Participant deferral / active EE | $0 | $2,392-100.0% | $5,081-100.0% | $3,350-100.0% |
| Admin fee / account holder | $51 | $438-88.4% | $13,411-99.6% | $521-90.3% |