Filed June 2, 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 |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $40,190 |
CIRRUS WEALTH MANAGEMENT LLC2 years Service code 27 · EIN 47-2368024 | Advisory (Plan) | $22,492 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
The opinion is qualified. A specific issue limited the scope or accuracy of the audit.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $79,963 | $86,655-7.7% | $119,609-33.1% | $66,914+19.5% |
| Participation rate | 97.9% | 75.6%+22.4pp | 79.3%+18.7pp | 69.8%+28.1pp |
| Annual return | -17.17% | -8.00%-9.2pp | -14.97%-2.2pp | 1.58%-18.8pp |
| Employer contribution / active EE | $1,820 | $2,536-28.2% | $4,232-57.0% | $2,544-28.5% |
| Participant deferral / active EE | $4,395 | $4,358+0.9% | $5,602-21.5% | $4,237+3.7% |
| Admin fee / account holder | $365 | $755-51.7% | $10,323-96.5% | $593-38.5% |