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 | $14,052 |
Service code 27 · EIN 46-2394834 | Advisory (Plan) | $5,694 |
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $5,712 | $47,126-87.9% | $149,673-96.2% | $74,419-92.3% |
| Participation rate | 79.9% | 63.4%+16.6pp | 78.8%+1.2pp | 70.7%+9.2pp |
| Annual return | 17.09% | 22.75%-5.7pp | 134.42%-117.3pp | 34.38%-17.3pp |
| Employer contribution / active EE | $833 | $1,905-56.3% | $4,818-82.7% | $2,637-68.4% |
| Participant deferral / active EE | $628 | $2,728-77.0% | $5,680-88.9% | $4,528-86.1% |
| Admin fee / account holder | $61 | $343-82.3% | $13,210-99.5% | $348-82.5% |