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 BANK5+ years Service code 13 · EIN 37-0259550 | Contract Administrator | $360,188 |
RETIREMENT DIRECT5+ years Service code 11 · EIN 91-2076699 | Actuarial | $17,780 |
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 | $99,262 | $105,247-5.7% | $87,100+14.0% | $77,787+27.6% |
| Participation rate | 98.8% | 85.8%+13.0pp | 76.9%+22.0pp | 73.2%+25.6pp |
| Annual return | 15.69% | 24.52%-8.8pp | 28.19%-12.5pp | 32.57%-16.9pp |
| Employer contribution / active EE | $4,774 | $2,895+64.9% | $2,521+89.4% | $2,504+90.6% |
| Participant deferral / active EE | $3,754 | $5,060-25.8% | $4,049-7.3% | $3,967-5.4% |
| Admin fee / account holder | $351 | $104+235.5% | $7,497-95.3% | $100+250.3% |