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 | $12,016 |
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $5,135 |
ADP BROKER-DEALER5+ 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).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $26,879 | $100,801-73.3% | $149,696-82.0% | $73,409-63.4% |
| Participation rate | 33.6% | 77.7%-44.1pp | 82.5%-48.9pp | 72.2%-38.6pp |
| Annual return | 23.91% | 265.34%-241.4pp | 276.60%-252.7pp | 59.29%-35.4pp |
| Employer contribution / active EE | $1,149 | $3,312-65.3% | $4,644-75.3% | $2,234-48.6% |
| Participant deferral / active EE | $3,780 | $6,404-41.0% | $6,842-44.8% | $3,805-0.7% |
| Admin fee / account holder | $54 | $181-69.9% | $9,309-99.4% | $158-65.5% |