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 MANAGEMENT9+ years Filed as: PARSEC FINANCIAL MANAGEMENT, INC. Service code 21 · EIN 56-1443390 | Bank Trustee | $27,121 |
EPIC RETIREMENT PLAN SERVICES9+ years Filed as: THE RETIREMENT PLAN COMPANY Service code 51 · EIN 38-3712991 | Investment Mgmt Fees | $21,351 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $106,701 | $82,978+28.6% | $129,995-17.9% | $71,457+49.3% |
| Participation rate | 47.5% | 74.1%-26.5pp | 78.5%-30.9pp | 67.9%-20.4pp |
| Annual return | 19.80% | 20.60%-0.8pp | -137.18%+157.0pp | 28.85%-9.0pp |
| Employer contribution / active EE | $1,028 | $2,622-60.8% | $4,320-76.2% | $2,588-60.3% |
| Participant deferral / active EE | $2,264 | $4,432-48.9% | $5,820-61.1% | $4,289-47.2% |
| Admin fee / account holder | $437 | $1,729-74.7% | $10,614-95.9% | $1,587-72.5% |