Filed April 19, 2021 (most recent of 4 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 5-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 |
|---|---|---|
ADP BROKER-DEALER3+ years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $18,498 |
ADP BROKER-DEALER3+ years Service code 59 · EIN 22-3319984 | Shareholder Servicing | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $6,535 | $73,034-91.1% | $77,163-91.5% | $80,160-91.8% |
| Participation rate | 22.8% | 78.1%-55.3pp | 69.6%-46.8pp | 72.9%-50.1pp |
| Annual return | 16.62% | 18.56%-1.9pp | 37.87%-21.2pp | 40.38%-23.8pp |
| Employer contribution / active EE | $0 | $2,779-100.0% | $2,535-100.0% | $2,978-100.0% |
| Participant deferral / active EE | $783 | $4,140-81.1% | $3,833-79.6% | $5,017-84.4% |
| Admin fee / account holder | $44 | $104-57.9% | $5,472-99.2% | $145-69.9% |