Filed May 6, 2022
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 6-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 27 · EIN 35-2552359 | Advisory (Plan) | $51,415 |
Service code 37 · EIN 04-2647786 | Loan Processing | $49,282 |
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 | $48,332 | $69,477-30.4% | $94,646-48.9% | $71,457-32.4% |
| Participation rate | 90.3% | 78.4%+11.9pp | 80.8%+9.5pp | 67.9%+22.4pp |
| Annual return | 33.01% | 29.66%+3.3pp | 156.71%-123.7pp | 28.85%+4.2pp |
| Employer contribution / active EE | $7,194 | $2,853+152.1% | $3,672+95.9% | $2,588+178.0% |
| Participant deferral / active EE | $20,648 | $7,345+181.1% | $7,418+178.4% | $4,289+381.5% |
| Admin fee / account holder | $332 | $1,210-72.5% | $7,231-95.4% | $1,587-79.1% |