Filed July 7, 2022
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 9-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 | $16,337 |
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.)
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 | $33,584 | $33,067+1.6% | $76,523-56.1% | $56,287-40.3% |
| Participation rate | 24.6% | 55.4%-30.8pp | 68.0%-43.4pp | 69.9%-45.3pp |
| Annual return | -8.01% | 2.72%-10.7pp | -0.27%-7.7pp | -9.96%+1.9pp |
| Employer contribution / active EE | $96 | $1,200-92.0% | $2,647-96.4% | $2,111-95.4% |
| Participant deferral / active EE | $986 | $2,240-56.0% | $3,835-74.3% | $3,350-70.6% |
| Admin fee / account holder | $380 | $537-29.2% | $4,848-92.2% | $521-27.1% |