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 BANK9+ years Service code 21 · EIN 39-1141446 | Bank Trustee | $35,587 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $70,839 | $53,165+33.2% | $86,188-17.8% | $74,419-4.8% |
| Participation rate | 32.5% | 64.9%-32.4pp | 69.0%-36.5pp | 70.7%-38.3pp |
| Annual return | 20.33% | 22.64%-2.3pp | 1168.45%-1148.1pp | 34.38%-14.1pp |
| Employer contribution / active EE | $1,054 | $1,210-12.9% | $2,380-55.7% | $2,637-60.1% |
| Participant deferral / active EE | $1,603 | $3,234-50.4% | $3,985-59.8% | $4,528-64.6% |
| Admin fee / account holder | $309 | $551-43.9% | $6,852-95.5% | $348-11.0% |