Filed March 5, 2021
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 27 · EIN 26-1204987 | Advisory (Plan) | $22,106 |
Service code 37 · EIN 04-2647786 | Loan Processing | $394 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $33,830 | $107,378-68.5% | $108,579-68.8% | $57,658-41.3% |
| Participation rate | 45.5% | 77.1%-31.6pp | 79.6%-34.1pp | 70.2%-24.8pp |
| Annual return | 6.80% | 12.80%-6.0pp | -51.70%+58.5pp | 5.13%+1.7pp |
| Employer contribution / active EE | $812 | $1,782-54.4% | $3,758-78.4% | $1,974-58.9% |
| Participant deferral / active EE | $2,349 | $3,221-27.1% | $4,311-45.5% | $3,061-23.3% |
| Admin fee / account holder | $179 | $108+64.6% | $7,645-97.7% | $95+88.9% |