Filed September 11, 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 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 42-0127290 | Contract Administrator | $93,068 |
ASCENSUS LLC4 years Filed as: ASCENSUS Service code 13 · EIN 82-3719843 | Contract Administrator | $32,105 |
Service code 49 | Other Services | $2,641 |
Filed as: KESTRA INVESTMENT SERVICES Service code 49 · EIN 74-2794194 | Other Services | $0 |
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,643 | $95,880-60.7% | $107,525-65.0% | $85,563-56.0% |
| Participation rate | 32.8% | 70.1%-37.4pp | 75.1%-42.3pp | 66.0%-33.2pp |
| Annual return | 9.12% | 68.06%-58.9pp | 181.32%-172.2pp | 31.51%-22.4pp |
| Employer contribution / active EE | $744 | $3,812-80.5% | $3,754-80.2% | $2,654-72.0% |
| Participant deferral / active EE | $1,884 | $4,201-55.2% | $5,116-63.2% | $4,375-56.9% |
| Admin fee / account holder | $362 | $1,025-64.7% | $8,919-95.9% | $834-56.6% |