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 |
|---|---|---|
HUNTINGTON NATIONAL BANK1+ years Service code 15 · EIN 31-0966785 | Recordkeeping | $8,056 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $23,117 | $39,245-41.1% | $64,105-63.9% | $52,331-55.8% |
| Participation rate | 68.0% | 58.2%+9.8pp | 68.2%-0.1pp | 68.1%-0.1pp |
| Annual return | -0.27% | 14.79%-15.1pp | 791.24%-791.5pp | 4.54%-4.8pp |
| Employer contribution / active EE | $820 | $736+11.3% | $1,820-55.0% | $1,882-56.4% |
| Participant deferral / active EE | $929 | $1,992-53.4% | $2,822-67.1% | $3,022-69.3% |
| Admin fee / account holder | $84 | $592-85.8% | $4,499-98.1% | $592-85.8% |