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 | $14,531 |
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.)
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 | $43,705 | $43,133+1.3% | $89,391-51.1% | $73,488-40.5% |
| Participation rate | 24.4% | 55.0%-30.6pp | 68.0%-43.6pp | 70.7%-46.3pp |
| Annual return | 15.18% | 135.66%-120.5pp | 245.62%-230.4pp | 28.51%-13.3pp |
| Employer contribution / active EE | $74 | $1,438-94.8% | $2,586-97.1% | $2,270-96.7% |
| Participant deferral / active EE | $941 | $2,445-61.5% | $3,890-75.8% | $3,740-74.8% |
| Admin fee / account holder | $415 | $444-6.4% | $4,881-91.5% | $513-19.1% |