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 TRUST3+ years Service code 15 · EIN 38-3416104 | Recordkeeping | $35,719 |
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.
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 | $12,930 | $37,196-65.2% | $154,107-91.6% | $55,725-76.8% |
| Participation rate | 46.1% | 64.1%-18.0pp | 83.0%-36.9pp | 70.9%-24.8pp |
| Annual return | 10.95% | 1319.68%-1308.7pp | 735.12%-724.2pp | 244.93%-234.0pp |
| Employer contribution / active EE | $188 | $1,614-88.3% | $5,298-96.4% | $2,078-90.9% |
| Participant deferral / active EE | $923 | $2,068-55.4% | $5,081-81.8% | $3,356-72.5% |
| Admin fee / account holder | $109 | $102+6.9% | $13,411-99.2% | $115-5.7% |