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 |
|---|---|---|
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786 | Loan Processing | $238,414 |
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 | $49,331 | $159,391-69.1% | $102,423-51.8% | $99,062-50.2% |
| Participation rate | 60.2% | 88.6%-28.4pp | 76.5%-16.3pp | 71.6%-11.4pp |
| Annual return | 20.15% | 19.03%+1.1pp | 29.32%-9.2pp | 17.66%+2.5pp |
| Employer contribution / active EE | $993 | $4,207-76.4% | $3,023-67.1% | $3,262-69.5% |
| Participant deferral / active EE | $4,838 | $7,498-35.5% | $5,053-4.3% | $5,331-9.3% |
| Admin fee / account holder | $43 | $159-72.9% | $9,451-99.5% | $109-60.4% |