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 | $101,317-27.5% | $146,958-50.0% | $74,495-1.4% |
| Participation rate | 63.3% | 75.5%-12.2pp | 82.2%-18.8pp | 67.2%-3.9pp |
| Annual return | 18.24% | 8730.91%-8712.7pp | 418.34%-400.1pp | 1364.94%-1346.7pp |
| Employer contribution / active EE | $1,806 | $3,810-52.6% | $4,933-63.4% | $2,623-31.1% |
| Participant deferral / active EE | $5,889 | $7,303-19.4% | $8,070-27.0% | $4,346+35.5% |
| Admin fee / account holder | $336 | $1,739-80.7% | $12,998-97.4% | $1,942-82.7% |