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 |
|---|---|---|
CHEMICAL BANK3+ years Filed as: CHEMICAL BANK WEALTH MANAGEMENT Service code 12 235 E MAIN STREET · MIDLAND, MI 486412049 | Trustee (bank, trust company, or simi... | $40,409 |
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.)
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 | $64,618 | $58,726+10.0% | $92,233-29.9% | $62,292+3.7% |
| Participation rate | 58.1% | 68.3%-10.2pp | 76.5%-18.4pp | 69.5%-11.4pp |
| Annual return | 14.42% | 43.62%-29.2pp | 176.28%-161.9pp | 28.90%-14.5pp |
| Employer contribution / active EE | $1,283 | $2,392-46.4% | $3,679-65.1% | $2,042-37.2% |
| Participant deferral / active EE | $2,940 | $2,766+6.3% | $3,897-24.6% | $3,169-7.2% |
| Admin fee / account holder | $302 | $556-45.6% | $5,194-94.2% | $479-36.9% |