Filed October 28, 2024
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 12 · EIN 13-3689044 | Direct payment from the plan; Sales l... | $117,024 |
Service code 16 | Consulting | $47,146 |
NATIONAL FINANCIAL SERVICES2+ years Service code 33 · EIN 04-3523567 | Securities brokerage; Securities brok... | $0 |
NFP RETIREMENT INC2+ years Filed as: NFP SECURITIES INC Service code 16 1250 CAPITAL OF TEXAS HIGHWAY · AUSTIN, TX 78746 | Consulting | $0 |
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.)
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $62,715 | $80,177-21.8% | $123,892-49.4% | $57,658+8.8% |
| Participation rate | 50.2% | 74.4%-24.2pp | 81.4%-31.2pp | 70.2%-20.0pp |
| Annual return | 8.81% | 17.90%-9.1pp | 47.52%-38.7pp | 5.13%+3.7pp |
| Employer contribution / active EE | $835 | $2,913-71.3% | $4,617-81.9% | $1,974-57.7% |
| Participant deferral / active EE | $4,172 | $5,130-18.7% | $5,984-30.3% | $3,061+36.3% |
| Admin fee / account holder | $340 | $106+220.0% | $8,357-95.9% | $95+259.9% |