Filed December 6, 2023
Total covered: 17 employees
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 37 · EIN 35-0145825 | Loan Processing | $41,122 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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).
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 | $37,966 | $62,928-39.7% | $172,739-78.0% | $67,579-43.8% |
| Participation rate | 61.4% | 64.5%-3.1pp | 82.6%-21.3pp | 71.3%-9.9pp |
| Annual return | 28.04% | 30.36%-2.3pp | 802.84%-774.8pp | 378.56%-350.5pp |
| Employer contribution / active EE | $344 | $1,636-79.0% | $5,143-93.3% | $2,148-84.0% |
| Participant deferral / active EE | $1,694 | $2,145-21.0% | $5,198-67.4% | $3,539-52.1% |
| Admin fee / account holder | $9 | $167-94.7% | $13,954-99.9% | $142-93.8% |