Filed August 7, 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 |
|---|---|---|
Service code 15 401 NORTH 31ST ST · BILLINGS, MT 59101 | Recordkeeping | $9,295 |
ADP BROKER-DEALER3 years Filed as: ADP, INC. Service code 26 · EIN 13-3036745 | Advisory (Participants) | $7,650 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $86,222 | $89,588-3.8% | $136,007-36.6% | $77,643+11.0% |
| Participation rate | 67.2% | 74.3%-7.1pp | 76.5%-9.3pp | 70.6%-3.4pp |
| Annual return | 15.68% | 17.42%-1.7pp | 579.32%-563.6pp | 31.24%-15.6pp |
| Employer contribution / active EE | $3,206 | $3,491-8.2% | $4,217-24.0% | $2,726+17.6% |
| Participant deferral / active EE | $6,315 | $5,591+12.9% | $7,025-10.1% | $4,647+35.9% |
| Admin fee / account holder | $476 | $539-11.8% | $6,858-93.1% | $430+10.5% |