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 MANAGEMENT8+ years Filed as: PARSEC FINANCIAL MANAGEMENT, INC. Service code 21 · EIN 56-1443390 | Bank Trustee | $27,292 |
EPIC RETIREMENT PLAN SERVICES8+ years Filed as: THE RETIREMENT PLAN COMPANY Service code 51 · EIN 38-3712991 | Investment Mgmt Fees | $21,291 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $96,451 | $86,655+11.3% | $119,609-19.4% | $66,914+44.1% |
| Participation rate | 48.1% | 75.6%-27.4pp | 79.3%-31.1pp | 69.8%-21.7pp |
| Annual return | -15.22% | -8.00%-7.2pp | -14.97%-0.3pp | 1.58%-16.8pp |
| Employer contribution / active EE | $1,048 | $2,536-58.7% | $4,232-75.2% | $2,544-58.8% |
| Participant deferral / active EE | $2,252 | $4,358-48.3% | $5,602-59.8% | $4,237-46.9% |
| Admin fee / account holder | $486 | $755-35.6% | $10,323-95.3% | $593-18.1% |