Filed April 30, 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 |
|---|---|---|
MIDLAND STATES BANK3+ years Service code 13 · EIN 37-0259550 | Contract Administrator | $192,105 |
RETIREMENT DIRECT3+ years Service code 11 · EIN 91-2076699 | Actuarial | $146,353 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $108,813 | $88,730+22.6% | $82,313+32.2% | $77,958+39.6% |
| Participation rate | 86.2% | 84.5%+1.7pp | 76.9%+9.3pp | 71.6%+14.5pp |
| Annual return | 10.93% | 20.88%-10.0pp | 25.88%-14.9pp | 20.87%-9.9pp |
| Employer contribution / active EE | $4,286 | $2,758+55.4% | $2,428+76.5% | $2,310+85.5% |
| Participant deferral / active EE | $3,225 | $4,634-30.4% | $3,706-13.0% | $3,537-8.8% |
| Admin fee / account holder | $350 | $74+373.6% | $5,608-93.8% | $97+259.8% |