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 |
|---|---|---|
SUMMIT FINANCIAL CORPORATION2+ years Filed as: SUMMIT BENEFIT SOLUTIONS, INC. Service code 15 · EIN 34-1888990 | Recordkeeping | $15,962 |
HUMMEL GROUP, INC.2+ years Service code 26 · EIN 34-1096613 | Advisory (Participants) | $8,654 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $24,454 | $56,629-56.8% | $77,999-68.6% | $55,167-55.7% |
| Participation rate | 59.3% | 73.3%-14.0pp | 75.5%-16.3pp | 69.0%-9.7pp |
| Annual return | 14.87% | 2866.98%-2852.1pp | 425.96%-411.1pp | 169.23%-154.4pp |
| Employer contribution / active EE | $514 | $1,723-70.1% | $2,470-79.2% | $1,963-73.8% |
| Participant deferral / active EE | $1,171 | $2,777-57.8% | $3,497-66.5% | $3,054-61.7% |
| Admin fee / account holder | $165 | $467-64.6% | $5,480-97.0% | $504-67.2% |