Filed March 7, 2023 (most recent of 4 filings on file)
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 9-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 12 320 PARK AVENUE · NEW YORK, NY 10022 | Recordkeeping and information managem... | $61,976 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,883 | $52,208-79.2% | $86,612-87.4% | $74,419-85.4% |
| Participation rate | 32.2% | 66.3%-34.1pp | 71.7%-39.5pp | 70.7%-38.5pp |
| Annual return | 16.23% | 44.46%-28.2pp | 591.07%-574.8pp | 34.38%-18.1pp |
| Employer contribution / active EE | $481 | $2,282-78.9% | $3,022-84.1% | $2,637-81.8% |
| Participant deferral / active EE | $952 | $3,383-71.9% | $4,438-78.6% | $4,528-79.0% |
| Admin fee / account holder | $116 | $319-63.6% | $5,614-97.9% | $348-66.7% |