Filed October 10, 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 9-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 |
|---|---|---|
LINCOLN NATIONAL CORPORATION2 years Filed as: LINCOLN NATIONAL CORP Service code 13 · EIN 35-0472300 | Contract Administrator | $17,428 |
BAKER TILLY US, LLP2 years Filed as: BAKER TILLY VIRCHOW KRAUSE LLP Service code 10 · EIN 39-0859910 | Accounting | $8,690 |
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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $48,499 | $69,159-29.9% | $125,175-61.3% | $67,579-28.2% |
| Participation rate | 59.0% | 78.2%-19.2pp | 79.8%-20.8pp | 71.3%-12.3pp |
| Annual return | 10.44% | 27.12%-16.7pp | 43.79%-33.4pp | 378.56%-368.1pp |
| Employer contribution / active EE | $518 | $2,023-74.4% | $3,865-86.6% | $2,148-75.9% |
| Participant deferral / active EE | $961 | $3,700-74.0% | $4,937-80.5% | $3,539-72.8% |
| Admin fee / account holder | $104 | $142-26.3% | $9,702-98.9% | $142-26.6% |