Filed May 1, 2024
Total covered: 6 employees
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 15 · EIN 01-0233346 | Recordkeeping | $1,549 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $54,074 | $58,879-8.2% | $178,490-69.7% | $73,488-26.4% |
| Participation rate | 38.3% | 66.2%-27.9pp | 81.9%-43.6pp | 70.7%-32.4pp |
| Annual return | 14.95% | 24.86%-9.9pp | 151.07%-136.1pp | 28.51%-13.6pp |
| Employer contribution / active EE | $907 | $2,236-59.4% | $5,011-81.9% | $2,270-60.1% |
| Participant deferral / active EE | $1,689 | $2,567-34.2% | $5,202-67.5% | $3,740-54.8% |
| Admin fee / account holder | $359 | $400-10.3% | $13,984-97.4% | $513-30.0% |