Filed January 9, 2025 (most recent of 2 filings on file)
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 3-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 |
|---|---|---|
FORVIS MAZARS, LLP1 year Filed as: FORVIS Service code 10 · EIN 44-0160260 | Accounting | $21,042 |
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $6,130 |
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,962 | $69,823-64.2% | $77,163-67.7% | $74,419-66.5% |
| Participation rate | 52.9% | 70.0%-17.1pp | 69.6%-16.6pp | 70.7%-17.8pp |
| Annual return | 17.22% | 19.98%-2.8pp | 37.87%-20.7pp | 34.38%-17.2pp |
| Employer contribution / active EE | $1,314 | $2,150-38.9% | $2,535-48.2% | $2,637-50.2% |
| Participant deferral / active EE | $2,276 | $3,558-36.0% | $3,833-40.6% | $4,528-49.7% |
| Admin fee / account holder | $77 | $398-80.7% | $5,472-98.6% | $348-77.9% |