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 | $170,754 |
REGIONS BANK5 years Service code 27 · EIN 63-0371391 | Advisory (Plan) | $64,369 |
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported that benefits due were not provided when due.
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 | $15,126 | $45,000-66.4% | $143,757-89.5% | $77,904-80.6% |
| Participation rate | 73.5% | 66.8%+6.7pp | 80.3%-6.8pp | 73.7%-0.2pp |
| Annual return | -17.92% | 29.03%-46.9pp | -0.04%-17.9pp | 12.21%-30.1pp |
| Employer contribution / active EE | $277 | $1,870-85.2% | $4,951-94.4% | $2,848-90.3% |
| Participant deferral / active EE | $1,609 | $3,157-49.0% | $5,637-71.5% | $4,806-66.5% |
| Admin fee / account holder | $139 | $98+41.7% | $14,673-99.0% | $133+5.2% |