Filed December 22, 2020
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 8-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 |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $5,814 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $4,740 | $52,293-90.9% | $178,490-97.3% | $73,409-93.5% |
| Participation rate | 51.8% | 65.3%-13.5pp | 81.9%-30.1pp | 72.2%-20.4pp |
| Annual return | 21.07% | 34.75%-13.7pp | 151.07%-130.0pp | 59.29%-38.2pp |
| Employer contribution / active EE | $521 | $1,735-70.0% | $5,011-89.6% | $2,234-76.7% |
| Participant deferral / active EE | $353 | $2,332-84.8% | $5,202-93.2% | $3,805-90.7% |
| Admin fee / account holder | $52 | $127-59.3% | $13,984-99.6% | $158-67.2% |