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 | $226,800 |
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 | $42,139 | $118,464-64.4% | $96,544-56.4% | $103,482-59.3% |
| Participation rate | 62.8% | 89.0%-26.2pp | 76.0%-13.1pp | 73.3%-10.4pp |
| Annual return | 29.38% | 18.79%+10.6pp | 25.84%+3.5pp | 33.11%-3.7pp |
| Employer contribution / active EE | $1,017 | $4,210-75.8% | $2,965-65.7% | $3,208-68.3% |
| Participant deferral / active EE | $4,937 | $7,277-32.2% | $4,851+1.8% | $5,207-5.2% |
| Admin fee / account holder | $46 | $81-43.3% | $8,252-99.4% | $114-59.8% |