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 BANK4+ years Service code 13 · EIN 37-0259550 | Contract Administrator | $350,488 |
RETIREMENT DIRECT4+ years Service code 11 · EIN 91-2076699 | Actuarial | $16,088 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $88,918 | $78,852+12.8% | $76,768+15.8% | $75,289+18.1% |
| Participation rate | 98.3% | 85.0%+13.3pp | 77.0%+21.4pp | 72.4%+25.9pp |
| Annual return | -3.96% | -1.29%-2.7pp | 2.43%-6.4pp | -0.04%-3.9pp |
| Employer contribution / active EE | $4,701 | $2,794+68.2% | $2,485+89.2% | $2,405+95.5% |
| Participant deferral / active EE | $3,762 | $4,800-21.6% | $3,852-2.3% | $3,739+0.6% |
| Admin fee / account holder | $313 | $79+295.8% | $6,675-95.3% | $102+205.6% |