Filed March 8, 2021
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 64 · EIN 71-0294708 | Recordkeeping Fees | $83,431 |
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY GLOBAL Service code 99 · EIN 36-3145972 | Other Fees | $24,295 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $46,171 | $112,623-59.0% | $106,213-56.5% | $199,593-76.9% |
| Participation rate | 71.9% | 86.2%-14.3pp | 75.3%-3.3pp | 72.0%0pp |
| Annual return | 14.07% | 15.57%-1.5pp | 116.14%-102.1pp | 34.25%-20.2pp |
| Employer contribution / active EE | $1,951 | $4,575-57.4% | $3,171-38.5% | $3,034-35.7% |
| Participant deferral / active EE | $3,027 | $6,659-54.5% | $5,016-39.7% | $5,087-40.5% |
| Admin fee / account holder | $99 | $107-7.4% | $11,033-99.1% | $269-63.2% |