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 |
|---|---|---|
PARSEC FINANCIAL MANAGEMENT3+ years Filed as: PARSEC FINANCIAL MANAGEMENT, INC. Service code 21 · EIN 56-1443390 | Bank Trustee | $17,842 |
EPIC RETIREMENT PLAN SERVICES3+ years Filed as: THE RETIREMENT PLAN COMPANY Service code 51 · EIN 38-3712991 | Investment Mgmt Fees | $12,914 |
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.
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 | $60,799 | $71,192-14.6% | $117,854-48.4% | $62,292-2.4% |
| Participation rate | 58.6% | 74.2%-15.6pp | 79.7%-21.0pp | 69.5%-10.9pp |
| Annual return | 20.32% | 18.66%+1.7pp | 335.08%-314.8pp | 28.90%-8.6pp |
| Employer contribution / active EE | $613 | $1,934-68.3% | $3,786-83.8% | $2,042-70.0% |
| Participant deferral / active EE | $1,543 | $3,189-51.6% | $4,482-65.6% | $3,169-51.3% |
| Admin fee / account holder | $266 | $587-54.7% | $8,020-96.7% | $479-44.5% |