Filed December 16, 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 |
|---|---|---|
EPIC RETIREMENT PLAN SERVICES1+ years Filed as: THE RETIREMENT PLAN COMPANY Service code 51 · EIN 38-3712991 | Investment Mgmt Fees | $16,296 |
PARSEC FINANCIAL MANAGEMENT1+ years Filed as: PARSEC FINANCIAL MANAGEMENT, INC. Service code 21 · EIN 56-1443390 | Bank Trustee | $15,810 |
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.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $38,430 | $57,108-32.7% | $94,224-59.2% | $52,331-26.6% |
| Participation rate | 58.2% | 72.9%-14.7pp | 78.8%-20.5pp | 68.1%-9.9pp |
| Annual return | -2.13% | 1.47%-3.6pp | 10.68%-12.8pp | 4.54%-6.7pp |
| Employer contribution / active EE | $894 | $1,735-48.5% | $3,587-75.1% | $1,882-52.5% |
| Participant deferral / active EE | $1,351 | $3,040-55.6% | $4,320-68.7% | $3,022-55.3% |
| Admin fee / account holder | $240 | $546-56.0% | $6,269-96.2% | $592-59.4% |