Filed August 21, 2019
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 37 · EIN 04-2647786 | Loan Processing | $30,946 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $21,084 | $80,211-73.7% | $74,183-71.6% | $63,975-67.0% |
| Participation rate | 42.5% | 84.2%-41.7pp | 76.6%-34.1pp | 71.1%-28.6pp |
| Annual return | 16.58% | 14.13%+2.5pp | 17.74%-1.2pp | 48.65%-32.1pp |
| Employer contribution / active EE | $417 | $2,553-83.7% | $2,370-82.4% | $2,182-80.9% |
| Participant deferral / active EE | $2,083 | $4,370-52.3% | $3,550-41.3% | $3,356-37.9% |
| Admin fee / account holder | $23 | $67-65.3% | $5,586-99.6% | $70-66.9% |