Filed May 15, 2024 (most recent of 2 filings on file)
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 |
|---|---|---|
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $12,710 |
Service code 15 · EIN 13-3689044 | Recordkeeping | $11,672 |
Service code 15 · EIN 41-0955056 | Recordkeeping | $4,050 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $13,295 | $48,576-72.6% | $169,463-92.2% | $56,287-76.4% |
| Participation rate | 93.9% | 65.8%+28.0pp | 77.8%+16.1pp | 69.9%+24.0pp |
| Annual return | -3.20% | -2.51%-0.7pp | 1.83%-5.0pp | -9.96%+6.8pp |
| Employer contribution / active EE | $1,531 | $1,559-1.8% | $4,159-63.2% | $2,111-27.5% |
| Participant deferral / active EE | $2,983 | $3,275-8.9% | $5,277-43.5% | $3,350-10.9% |
| Admin fee / account holder | $120 | $435-72.3% | $9,109-98.7% | $521-76.9% |