Filed June 20, 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 9-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 15 · EIN 13-5674085 | Recordkeeping | $9,662 |
ADP BROKER-DEALER4+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $2,645 |
ADP BROKER-DEALER4+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
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 | $22,226 | $88,122-74.8% | $141,162-84.3% | $67,579-67.1% |
| Participation rate | 45.4% | 76.5%-31.0pp | 82.5%-37.0pp | 71.3%-25.9pp |
| Annual return | 29.47% | 75.40%-45.9pp | 71.39%-41.9pp | 378.56%-349.1pp |
| Employer contribution / active EE | $1,498 | $3,224-53.5% | $4,735-68.4% | $2,148-30.3% |
| Participant deferral / active EE | $4,753 | $5,958-20.2% | $6,709-29.1% | $3,539+34.3% |
| Admin fee / account holder | $42 | $131-68.0% | $10,261-99.6% | $142-70.6% |