Filed January 5, 2024 (most recent of 3 filings on file)
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 |
|---|---|---|
JOHNSON BANK1+ years Service code 15 · EIN 39-1141446 | Recordkeeping | $18,971 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $47,569 | $45,566+4.4% | $64,105-25.8% | $59,632-20.2% |
| Participation rate | 48.9% | 60.2%-11.2pp | 68.2%-19.2pp | 68.7%-19.7pp |
| Annual return | -0.50% | 4.95%-5.4pp | 791.24%-791.7pp | 2041.28%-2041.8pp |
| Employer contribution / active EE | $628 | $934-32.7% | $1,820-65.5% | $2,203-71.5% |
| Participant deferral / active EE | $1,538 | $2,057-25.2% | $2,822-45.5% | $3,192-51.8% |
| Admin fee / account holder | $316 | $3,268-90.3% | $4,499-93.0% | $4,297-92.6% |