Filed August 19, 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 |
|---|---|---|
PNC BANK, N.A.2+ years Service code 25 · EIN 25-1211909 | Directed Trustee | $5,922 |
PNC BANK, N.A.2+ years Filed as: PNC BANK, NATIONAL ASSOCIATION Service code 59 | Shareholder Servicing | $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.
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 | $54,470 | $41,281+32.0% | $109,313-50.2% | $57,658-5.5% |
| Participation rate | 62.0% | 59.3%+2.6pp | 71.3%-9.3pp | 70.2%-8.3pp |
| Annual return | 6.92% | 8.97%-2.0pp | 22.07%-15.1pp | 5.13%+1.8pp |
| Employer contribution / active EE | $190 | $1,201-84.2% | $3,892-95.1% | $1,974-90.4% |
| Participant deferral / active EE | $3,743 | $2,223+68.4% | $3,166+18.2% | $3,061+22.3% |
| Admin fee / account holder | $26 | $75-65.8% | $5,666-99.5% | $95-72.8% |