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 | $51,537 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $35,216 | $176,491-80.0% | $95,952-63.3% | $90,288-61.0% |
| Participation rate | 54.3% | 86.6%-32.3pp | 77.1%-22.8pp | 73.4%-19.1pp |
| Annual return | 28.37% | 20.14%+8.2pp | 91.61%-63.2pp | 53.97%-25.6pp |
| Employer contribution / active EE | $684 | $2,789-75.5% | $2,541-73.1% | $2,524-72.9% |
| Participant deferral / active EE | $3,412 | $5,340-36.1% | $4,167-18.1% | $4,232-19.4% |
| Admin fee / account holder | $18 | $154-88.5% | $6,795-99.7% | $114-84.5% |