Filed January 26, 2022
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 37 · EIN 04-2647786 | Loan Processing | $29,384 |
Filed as: PROCOURSE FIDUCIARY ADVISORS LLC Service code 27 · EIN 45-5291215 | Advisory (Plan) | $16,500 |
SOMERSET CPAS5+ years Service code 10 · EIN 20-1717681 | Accounting | $16,500 |
Service code 27 · EIN 45-5291215 | Advisory (Plan) | $5,500 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $128,519 | $89,355+43.8% | $141,162-9.0% | $72,985+76.1% |
| Participation rate | 93.6% | 75.1%+18.5pp | 82.5%+11.1pp | 69.5%+24.1pp |
| Annual return | 25.02% | 111.85%-86.8pp | 71.39%-46.4pp | 81.00%-56.0pp |
| Employer contribution / active EE | $2,132 | $3,114-31.5% | $4,735-55.0% | $2,440-12.6% |
| Participant deferral / active EE | $6,645 | $5,418+22.6% | $6,709-1.0% | $3,607+84.2% |
| Admin fee / account holder | $437 | $5,958-92.7% | $10,261-95.7% | $5,124-91.5% |