Filed June 25, 2019
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 37 · EIN 04-2647786 | Loan Processing | $5,931 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
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 | $24,064 | $88,324-72.8% | $115,037-79.1% | $55,191-56.4% |
| Participation rate | 61.7% | 72.5%-10.8pp | 81.4%-19.6pp | 69.2%-7.4pp |
| Annual return | 7.81% | 6.30%+1.5pp | 26.14%-18.3pp | 10.78%-3.0pp |
| Employer contribution / active EE | $2,086 | $2,805-25.6% | $4,608-54.7% | $1,899+9.9% |
| Participant deferral / active EE | $2,864 | $5,042-43.2% | $6,026-52.5% | $3,046-6.0% |
| Admin fee / account holder | $14 | $105-87.1% | $8,175-99.8% | $91-85.0% |