Filed July 21, 2023
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 |
|---|---|---|
ADP BROKER-DEALER4+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $110,854 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $23,976 | $77,559-69.1% | $68,793-65.1% | $75,289-68.2% |
| Participation rate | 40.2% | 78.3%-38.1pp | 72.2%-32.0pp | 72.4%-32.2pp |
| Annual return | 22.80% | -1.01%+23.8pp | -4.63%+27.4pp | -0.04%+22.8pp |
| Employer contribution / active EE | $832 | $1,993-58.3% | $2,625-68.3% | $2,405-65.4% |
| Participant deferral / active EE | $1,382 | $3,128-55.8% | $3,311-58.3% | $3,739-63.0% |
| Admin fee / account holder | $57 | $90-36.5% | $5,131-98.9% | $102-43.9% |