See peer percentile detail. $4.99 for your first month.
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Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: MICHAEL SILVER AND COMPANY Service code 10 · EIN 81-4417884 | Accounting | $20,735 |
Filed as: TRANSAMERICA LIFE INSURANCE CO Service code 15 · EIN 39-0989781 | Recordkeeping | $12,220 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $61,309 | $59,805+2.5% | $79,550-22.9% | $68,494-10.5% |
| Participation rate | 36.1% | 61.1%-25.0pp | 69.5%-33.4pp | 67.9%-31.8pp |
| Annual return | -14.76% | -12.30%-2.5pp | 0.16%-14.9pp | -7.84%-6.9pp |
| Employer contribution / active EE | $0 | $1,505-100.0% | $2,413-100.0% | $2,596-100.0% |
| Participant deferral / active EE | $2,075 | $3,024-31.4% | $3,985-47.9% | $4,027-48.5% |
| Admin fee / account holder | $515 | $4,835-89.3% | $6,832-92.5% | $5,403-90.5% |