Filed February 5, 2020
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 | $39,545 |
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $23,704 |
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 | $62,108 | $61,156+1.6% | $185,823-66.6% | $79,386-21.8% |
| Participation rate | 71.0% | 66.6%+4.3pp | 81.7%-10.7pp | 70.7%+0.3pp |
| Annual return | 13.36% | 19.45%-6.1pp | 122.05%-108.7pp | 116.85%-103.5pp |
| Employer contribution / active EE | $822 | $2,321-64.6% | $5,167-84.1% | $2,427-66.1% |
| Participant deferral / active EE | $2,676 | $2,789-4.0% | $5,568-51.9% | $4,046-33.8% |
| Admin fee / account holder | $364 | $710-48.8% | $16,237-97.8% | $626-42.0% |