Filed July 13, 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 |
|---|---|---|
PAYCHEX, INC.1 year Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $8,246 |
PROVIDENCE CAPITAL ADVISORS3 years Service code 15 4500 CAMERON VALLEY PKWY · CHARLOTTE, NC 28211 | Recordkeeping | $7,991 |
ADP BROKER-DEALER1 year Filed as: ADP BROKER DEALER Service code 15 · EIN 22-3319984 | Recordkeeping | $0 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $8,484 | $52,670-83.9% | $90,404-90.6% | $73,409-88.4% |
| Participation rate | 26.1% | 67.7%-41.5pp | 72.7%-46.5pp | 72.2%-46.0pp |
| Annual return | 35.47% | 20.70%+14.8pp | 1293.02%-1257.5pp | 59.29%-23.8pp |
| Employer contribution / active EE | $355 | $1,872-81.1% | $3,262-89.1% | $2,234-84.1% |
| Participant deferral / active EE | $559 | $2,807-80.1% | $3,963-85.9% | $3,805-85.3% |
| Admin fee / account holder | $62 | $117-46.6% | $5,611-98.9% | $158-60.5% |