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) | $21,700 |
Service code 37 · EIN 04-2647786 | Loan Processing | $16,522 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $78,833 | $58,264+35.3% | $86,612-9.0% | $71,457+10.3% |
| Participation rate | 36.2% | 65.0%-28.8pp | 71.7%-35.5pp | 67.9%-31.8pp |
| Annual return | 16.61% | 21.63%-5.0pp | 591.07%-574.5pp | 28.85%-12.2pp |
| Employer contribution / active EE | $977 | $2,574-62.1% | $3,022-67.7% | $2,588-62.3% |
| Participant deferral / active EE | $2,065 | $3,436-39.9% | $4,438-53.5% | $4,289-51.9% |
| Admin fee / account holder | $357 | $1,057-66.2% | $5,614-93.6% | $1,587-77.5% |