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 BANK6+ years Service code 15 · EIN 39-1141446 | Recordkeeping | $26,758 |
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 | $74,851 | $54,573+37.2% | $90,951-17.7% | $73,488+1.9% |
| Participation rate | 33.3% | 61.2%-27.8pp | 69.0%-35.7pp | 70.7%-37.3pp |
| Annual return | 20.56% | 16.69%+3.9pp | 134.60%-114.0pp | 28.51%-7.9pp |
| Employer contribution / active EE | $0 | $991-100.0% | $2,122-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $1,475 | $2,517-41.4% | $3,373-56.3% | $3,740-60.6% |
| Admin fee / account holder | $311 | $521-40.3% | $5,959-94.8% | $513-39.4% |