Filed February 7, 2023
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 |
|---|---|---|
NFP RETIREMENT INC1 year Filed as: NFP RETIREMENT, INC. Service code 10 · EIN 33-0905143 | Accounting | $27,810 |
THE VANGUARD GROUP, INC.5+ years Service code 12 · EIN 23-1945930 | Recordkeeping and information managem... | $14,302 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported that benefits due were not provided when due.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $61,214 | $52,293+17.1% | $178,490-65.7% | $73,409-16.6% |
| Participation rate | 29.0% | 65.3%-36.3pp | 81.9%-52.9pp | 72.2%-43.2pp |
| Annual return | 15.58% | 34.75%-19.2pp | 151.07%-135.5pp | 59.29%-43.7pp |
| Employer contribution / active EE | $504 | $1,735-71.0% | $5,011-89.9% | $2,234-77.5% |
| Participant deferral / active EE | $1,115 | $2,332-52.2% | $5,202-78.6% | $3,805-70.7% |
| Admin fee / account holder | $229 | $127+79.7% | $13,984-98.4% | $158+45.0% |