Filed July 11, 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 13 · EIN 42-0127290 | Contract Administrator | $35,313 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $30,235 |
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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $73,440 | $101,499-27.6% | $147,005-50.0% | $74,546-1.5% |
| Participation rate | 63.3% | 75.5%-12.2pp | 82.2%-18.9pp | 67.2%-3.9pp |
| Annual return | 18.24% | 8732.34%-8714.1pp | 418.76%-400.5pp | 1366.03%-1347.8pp |
| Employer contribution / active EE | $1,806 | $3,811-52.6% | $4,934-63.4% | $2,624-31.2% |
| Participant deferral / active EE | $5,889 | $7,304-19.4% | $8,070-27.0% | $4,347+35.5% |
| Admin fee / account holder | $336 | $1,748-80.8% | $13,006-97.4% | $1,944-82.7% |