Filed June 21, 2023 (most recent of 2 filings on file)
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 37 · EIN 04-2647786 | Loan Processing | $119,109 |
REGIONS BANK2 years Service code 27 · EIN 63-0371391 | Advisory (Plan) | $62,565 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported that benefits due were not provided when due.
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 | $14,322 | $47,456-69.8% | $172,739-91.7% | $77,787-81.6% |
| Participation rate | 70.4% | 66.3%+4.1pp | 82.6%-12.3pp | 73.2%-2.8pp |
| Annual return | 21.57% | 35.57%-14.0pp | 802.84%-781.3pp | 32.57%-11.0pp |
| Employer contribution / active EE | $317 | $1,574-79.9% | $5,143-93.8% | $2,504-87.3% |
| Participant deferral / active EE | $1,182 | $2,560-53.8% | $5,198-77.3% | $3,967-70.2% |
| Admin fee / account holder | $115 | $81+42.3% | $13,954-99.2% | $100+15.0% |