Filed February 28, 2024
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 | $38,562 |
Filed as: MORGAN STANLEY DW INC Service code 49 · EIN 94-1671384 | Other Services | $13,809 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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).
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 | $32,616 | $58,879-44.6% | $178,490-81.7% | $73,488-55.6% |
| Participation rate | 91.8% | 66.2%+25.6pp | 81.9%+9.9pp | 70.7%+21.1pp |
| Annual return | 53.94% | 24.86%+29.1pp | 151.07%-97.1pp | 28.51%+25.4pp |
| Employer contribution / active EE | $0 | $2,236-100.0% | $5,011-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $8,559 | $2,567+233.4% | $5,202+64.5% | $3,740+128.9% |
| Admin fee / account holder | $168 | $400-58.1% | $13,984-98.8% | $513-67.3% |