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 |
|---|---|---|
SUMMIT FINANCIAL GROUP INC2 years Filed as: SUMMIT FINANCIAL GROUP Service code 13 6521 CITATION DRIVE · CLARKSTON, MI 48346 | Contract Administrator | $38,529 |
ASCENSUS LLC2 years Service code 15 · EIN 11-3665754 | Recordkeeping | $13,862 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $145,913 | $72,492+101.3% | $87,100+67.5% | $72,985+99.9% |
| Participation rate | 88.6% | 72.8%+15.8pp | 76.9%+11.7pp | 69.5%+19.1pp |
| Annual return | 20.38% | 24.46%-4.1pp | 28.19%-7.8pp | 81.00%-60.6pp |
| Employer contribution / active EE | $1,606 | $1,894-15.2% | $2,521-36.3% | $2,440-34.2% |
| Participant deferral / active EE | $5,515 | $3,270+68.7% | $4,049+36.2% | $3,607+52.9% |
| Admin fee / account holder | $521 | $5,055-89.7% | $7,497-93.1% | $5,124-89.8% |