Filed May 1, 2024 (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 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 11-3018002 | Advisory (Plan) | $21,066 |
Service code 37 · EIN 04-2647786 | Loan Processing | $18,212 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $86,479 | $66,124+30.8% | $90,404-4.3% | $73,488+17.7% |
| Participation rate | 39.2% | 69.7%-30.5pp | 72.7%-33.5pp | 70.7%-31.5pp |
| Annual return | 16.37% | 17.65%-1.3pp | 1293.02%-1276.6pp | 28.51%-12.1pp |
| Employer contribution / active EE | $1,082 | $2,346-53.9% | $3,262-66.8% | $2,270-52.3% |
| Participant deferral / active EE | $1,845 | $3,039-39.3% | $3,963-53.4% | $3,740-50.7% |
| Admin fee / account holder | $393 | $396-0.9% | $5,611-93.0% | $513-23.4% |