Filed September 30, 2022
Total covered: 10 employees
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 22 · EIN 47-4814591 | Insurance Broker | $48,484 |
LINCOLN NATIONAL CORPORATION6 years Service code 13 · EIN 35-0472300 | Contract Administrator | $39,165 |
Service code 37 · EIN 04-2647786 | Loan Processing | $30,245 |
Service code 14 · EIN 11-3271022 | Plan Administrator | $7,187 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $35,571 | $95,274-62.7% | $135,903-73.8% | $74,419-52.2% |
| Participation rate | 75.8% | 78.2%-2.4pp | 81.9%-6.1pp | 70.7%+5.1pp |
| Annual return | 19.19% | 32.77%-13.6pp | 68.23%-49.0pp | 34.38%-15.2pp |
| Employer contribution / active EE | $678 | $3,874-82.5% | $4,856-86.0% | $2,637-74.3% |
| Participant deferral / active EE | $6,782 | $7,782-12.8% | $7,758-12.6% | $4,528+49.8% |
| Admin fee / account holder | $121 | $266-54.4% | $10,762-98.9% | $348-65.1% |