Filed April 23, 2021
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 |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $50,930 |
MMA SECURITIES LLC8 years Service code 27 | Advisory (Plan) | $29,397 |
ASCENSUS LLC5 years Filed as: ASCENSUS Service code 13 · EIN 82-3719843 | Contract Administrator | $11,439 |
MMA SECURITIES LLC8 years Filed as: MMA SECURITIES Service code 27 · EIN 22-3570392 | Advisory (Plan) | $0 |
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
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).
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 | $93,371 | $96,484-3.2% | $156,263-40.2% | $74,304+25.7% |
| Participation rate | 95.6% | 67.7%+27.9pp | 78.9%+16.7pp | 60.3%+35.2pp |
| Annual return | 13.86% | 17.73%-3.9pp | 59.47%-45.6pp | 29.43%-15.6pp |
| Employer contribution / active EE | $2,056 | $2,528-18.7% | $4,333-52.5% | $2,241-8.2% |
| Participant deferral / active EE | $10,033 | $4,286+134.1% | $6,158+62.9% | $3,767+166.3% |
| Admin fee / account holder | $315 | $3,728-91.6% | $14,255-97.8% | $2,969-89.4% |