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 BANK6+ years Service code 13 · EIN 37-0259550 | Contract Administrator | $376,773 |
RETIREMENT DIRECT6+ years Service code 11 · EIN 91-2076699 | Actuarial | $19,081 |
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 | $99,396 | $176,491-43.7% | $95,952+3.6% | $90,288+10.1% |
| Participation rate | 99.7% | 86.6%+13.2pp | 77.1%+22.7pp | 73.4%+26.4pp |
| Annual return | 10.73% | 20.14%-9.4pp | 91.61%-80.9pp | 53.97%-43.2pp |
| Employer contribution / active EE | $4,550 | $2,789+63.2% | $2,541+79.1% | $2,524+80.3% |
| Participant deferral / active EE | $3,630 | $5,340-32.0% | $4,167-12.9% | $4,232-14.2% |
| Admin fee / account holder | $302 | $154+95.7% | $6,795-95.6% | $114+164.4% |