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 BANK7+ years Service code 13 · EIN 37-0259550 | Contract Administrator | $0 |
RETIREMENT DIRECT7+ years Service code 11 · EIN 91-2076699 | Actuarial | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $121,028 | $144,996-16.5% | $111,297+8.7% | $93,030+30.1% |
| Participation rate | 0.0% | 86.2%-86.2pp | 77.3%-77.3pp | 73.9%-73.9pp |
| Annual return | 11.99% | 18.26%-6.3pp | 54.65%-42.7pp | 158.70%-146.7pp |
| Employer contribution / active EE | $4,501 | $3,056+47.3% | $2,731+64.8% | $2,706+66.3% |
| Participant deferral / active EE | $3,589 | $5,587-35.8% | $4,487-20.0% | $4,562-21.3% |
| Admin fee / account holder | $361 | $103+248.8% | $7,964-95.5% | $152+138.0% |