Filed December 21, 2022
Total covered: 2 employees
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 |
|---|---|---|
DEFINITI LLC3 years Filed as: DEFINITI-LLC Service code 13 · EIN 85-0833363 2201 TIMBERLOCH PLACE, STE. 150 · THE WOODLANDS, TX 77380 | Contract Administrator | $6,425 |
AMERICAN FUNDS4 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618 | Recordkeeping Fees | $1,225 |
PNC BANK, N.A.2 years Filed as: PNC BANK NA Service code 99 PO BOX 91249 · CLEVELAND, OH 44101 | Other Fees | -$4,086 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,167 | $46,292-37.0% | $143,757-79.7% | $64,808-55.0% |
| Participation rate | 59.9% | 64.2%-4.4pp | 80.3%-20.4pp | 71.5%-11.6pp |
| Annual return | -14.47% | -10.05%-4.4pp | -0.04%-14.4pp | 32.82%-47.3pp |
| Employer contribution / active EE | $1,054 | $1,910-44.8% | $4,951-78.7% | $2,506-57.9% |
| Participant deferral / active EE | $1,863 | $2,646-29.6% | $5,637-67.0% | $4,310-56.8% |
| Admin fee / account holder | $15 | $154-90.0% | $14,673-99.9% | $188-91.8% |