Filed December 29, 2021
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 |
|---|---|---|
RBC WEALTH MANAGEMENT2 years Service code 15 · EIN 41-1416330 | Recordkeeping | $16,283 |
ADP BROKER-DEALER3+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $1,783 |
ADP BROKER-DEALER3+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $27,300 | $155,795-82.5% | $136,294-80.0% | $69,631-60.8% |
| Participation rate | 35.1% | 75.2%-40.2pp | 81.9%-46.8pp | 70.7%-35.6pp |
| Annual return | 21.72% | 232464.33%-232442.6pp | 5155.94%-5134.2pp | 27571.02%-27549.3pp |
| Employer contribution / active EE | $304 | $2,991-89.8% | $4,695-93.5% | $2,032-85.0% |
| Participant deferral / active EE | $3,216 | $5,394-40.4% | $6,247-48.5% | $3,224-0.2% |
| Admin fee / account holder | $62 | $128-51.4% | $9,243-99.3% | $110-43.6% |