Filed April 8, 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 |
|---|---|---|
GREENLEAF TRUST2+ years Service code 15 · EIN 38-3416104 | Recordkeeping | $31,573 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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).
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 | $9,875 | $46,173-78.6% | $170,442-94.2% | $69,631-85.8% |
| Participation rate | 52.0% | 63.9%-11.9pp | 83.6%-31.6pp | 70.7%-18.7pp |
| Annual return | 24.71% | 21.62%+3.1pp | 205.93%-181.2pp | 27571.02%-27546.3pp |
| Employer contribution / active EE | $175 | $1,610-89.2% | $5,433-96.8% | $2,032-91.4% |
| Participant deferral / active EE | $894 | $2,080-57.0% | $4,939-81.9% | $3,224-72.3% |
| Admin fee / account holder | $81 | $116-30.5% | $13,880-99.4% | $110-27.1% |