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 7-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 |
|---|---|---|
THE BANK OF NEW YORK MELLON2 years Filed as: BANK OF ANN ARBOR Service code 27 · EIN 38-3252110 | Advisory (Plan) | $14,164 |
Service code 37 · EIN 04-2647786 | Loan Processing | $11,793 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $34,702 | $71,516-51.5% | $98,439-64.7% | $71,457-51.4% |
| Participation rate | 36.4% | 72.7%-36.3pp | 75.2%-38.8pp | 67.9%-31.6pp |
| Annual return | 23.27% | 32.41%-9.1pp | 21.16%+2.1pp | 28.85%-5.6pp |
| Employer contribution / active EE | $809 | $2,399-66.3% | $3,048-73.5% | $2,588-68.7% |
| Participant deferral / active EE | $1,593 | $4,109-61.2% | $4,738-66.4% | $4,289-62.9% |
| Admin fee / account holder | $263 | $1,675-84.3% | $8,948-97.1% | $1,587-83.5% |