Filed January 8, 2024 (most recent of 3 filings on file)
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 12 320 PARK AVENUE · NEW YORK, NY 10022 | Participant loan processing; Recordke... | $3,864 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,310 | $47,126-71.8% | $149,673-91.1% | $74,419-82.1% |
| Participation rate | 57.2% | 63.4%-6.2pp | 78.8%-21.6pp | 70.7%-13.5pp |
| Annual return | 18.45% | 22.75%-4.3pp | 134.42%-116.0pp | 34.38%-15.9pp |
| Employer contribution / active EE | $559 | $1,905-70.7% | $4,818-88.4% | $2,637-78.8% |
| Participant deferral / active EE | $1,031 | $2,728-62.2% | $5,680-81.8% | $4,528-77.2% |
| Admin fee / account holder | $6 | $343-98.4% | $13,210-100.0% | $348-98.4% |