Filed October 9, 2023
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 | $24,095 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $85,970 | $104,317-17.6% | $159,436-46.1% | $86,799-1.0% |
| Participation rate | 92.5% | 77.7%+14.8pp | 82.8%+9.7pp | 72.3%+20.2pp |
| Annual return | 11.35% | 26.32%-15.0pp | 263.57%-252.2pp | 97.91%-86.6pp |
| Employer contribution / active EE | $6,752 | $3,451+95.7% | $4,829+39.8% | $2,405+180.7% |
| Participant deferral / active EE | $4,799 | $6,837-29.8% | $7,352-34.7% | $4,131+16.2% |
| Admin fee / account holder | $305 | $172+77.0% | $10,799-97.2% | $170+79.8% |