Filed January 3, 2025
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 15 · EIN 01-0233346 | Recordkeeping | $1,794 |
VALMARK ADVISERS INC7 years Filed as: VALMARK ADVISERS, INC. Service code 26 · EIN 31-1509466 | Advisory (Participants) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $60,451 | $73,360-17.6% | $177,989-66.0% | $74,495-18.9% |
| Participation rate | 58.9% | 66.6%-7.7pp | 77.1%-18.2pp | 67.2%-8.3pp |
| Annual return | 12.99% | 17.49%-4.5pp | 294.48%-281.5pp | 1364.94%-1352.0pp |
| Employer contribution / active EE | $1,148 | $2,216-48.2% | $3,949-70.9% | $2,623-56.2% |
| Participant deferral / active EE | $3,805 | $4,513-15.7% | $6,276-39.4% | $4,346-12.4% |
| Admin fee / account holder | $352 | $1,808-80.5% | $10,363-96.6% | $1,942-81.9% |