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 BANK4+ years Service code 15 · EIN 39-1141446 | Recordkeeping | $22,748 |
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.)
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 | $59,118 | $42,548+38.9% | $74,550-20.7% | $56,287+5.0% |
| Participation rate | 47.0% | 60.5%-13.5pp | 69.1%-22.2pp | 69.9%-22.9pp |
| Annual return | -6.91% | 12.40%-19.3pp | 32.53%-39.4pp | -9.96%+3.0pp |
| Employer contribution / active EE | $1,218 | $855+42.4% | $1,961-37.9% | $2,111-42.3% |
| Participant deferral / active EE | $1,964 | $2,277-13.8% | $3,108-36.8% | $3,350-41.4% |
| Admin fee / account holder | $350 | $467-25.1% | $5,060-93.1% | $521-32.8% |