Filed April 6, 2022
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 |
|---|---|---|
ADP BROKER-DEALER5 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $53,845 |
LPL FINANCIAL6 years Service code 15 · EIN 04-3046611 | Recordkeeping | $43,403 |
ADP BROKER-DEALER7 years Service code 59 · EIN 22-3319984 | Shareholder Servicing | $0 |
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $45,013 | $54,193-16.9% | $93,654-51.9% | $77,671-42.0% |
| Participation rate | 88.0% | 63.9%+24.0pp | 68.7%+19.2pp | 70.6%+17.4pp |
| Annual return | 13.64% | 30.54%-16.9pp | 133.34%-119.7pp | 31.21%-17.6pp |
| Employer contribution / active EE | $601 | $1,168-48.6% | $2,421-75.2% | $2,726-78.0% |
| Participant deferral / active EE | $5,085 | $3,144+61.8% | $4,413+15.2% | $4,648+9.4% |
| Admin fee / account holder | $264 | $576-54.1% | $8,282-96.8% | $430-38.6% |