Filed May 10, 2021
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-DEALER1+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $500 |
ADP BROKER-DEALER1+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
UBS FINANCIAL SERVICES INC1+ years Filed as: UBS Service code 49 307 ASHLAND AVE · LEXINGTON, KY 40502 | Other Services | $0 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $25,397 | $21,965+15.6% | $59,496-57.3% | $59,188-57.1% |
| Participation rate | 5.7% | 32.6%-26.8pp | 54.6%-48.8pp | 69.4%-63.7pp |
| Annual return | -4.03% | 22.15%-26.2pp | 182.05%-186.1pp | 5.51%-9.5pp |
| Employer contribution / active EE | $49 | $316-84.6% | $1,153-95.8% | $2,098-97.7% |
| Participant deferral / active EE | $213 | $732-70.9% | $1,829-88.3% | $3,265-93.5% |
| Admin fee / account holder | $5 | $74-93.7% | $2,232-99.8% | $92-94.9% |