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 | $232,453 |
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 | $33,221 | $106,087-68.7% | $86,677-61.7% | $78,044-57.4% |
| Participation rate | 54.5% | 89.6%-35.1pp | 76.6%-22.1pp | 74.4%-20.0pp |
| Annual return | -16.60% | -14.87%-1.7pp | 35.91%-52.5pp | 10.87%-27.5pp |
| Employer contribution / active EE | $804 | $4,110-80.4% | $2,836-71.6% | $3,125-74.3% |
| Participant deferral / active EE | $3,895 | $6,851-43.1% | $4,656-16.3% | $5,084-23.4% |
| Admin fee / account holder | $55 | $81-32.7% | $7,493-99.3% | $79-30.8% |