Filed September 12, 2023
Total covered: 7 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 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 13 · EIN 42-0127290 | Contract Administrator | $32,839 |
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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $77,498 | $111,491-30.5% | $189,513-59.1% | $86,799-10.7% |
| Participation rate | 92.5% | 87.3%+5.2pp | 87.8%+4.7pp | 72.3%+20.2pp |
| Annual return | 13.21% | 83.50%-70.3pp | 555.15%-541.9pp | 97.91%-84.7pp |
| Employer contribution / active EE | $3,370 | $3,951-14.7% | $6,162-45.3% | $2,405+40.1% |
| Participant deferral / active EE | $6,146 | $6,437-4.5% | $8,221-25.2% | $4,131+48.8% |
| Admin fee / account holder | $371 | $189+96.6% | $12,045-96.9% | $170+118.8% |