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 | Recordkeeping and information managem... | $10,325 |
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 | $14,457 | $50,815-71.6% | $155,509-90.7% | $77,643-81.4% |
| Participation rate | 53.5% | 63.1%-9.6pp | 78.2%-24.7pp | 70.6%-17.1pp |
| Annual return | 14.97% | 34.80%-19.8pp | 64.67%-49.7pp | 31.24%-16.3pp |
| Employer contribution / active EE | $593 | $1,993-70.2% | $4,672-87.3% | $2,726-78.2% |
| Participant deferral / active EE | $987 | $2,822-65.0% | $5,626-82.4% | $4,647-78.8% |
| Admin fee / account holder | $10 | $437-97.8% | $15,912-99.9% | $430-97.8% |