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 |
|---|---|---|
PNC BANK, N.A.3 years Filed as: PNC BANK NA Service code 99 PO BOX 91249 · CLEVELAND, OH 44101 | Other Fees | $23,241 |
DEFINITI LLC4 years Filed as: DEFINITI-LLC Service code 13 · EIN 85-0833363 2201 TIMBERLOCH PLACE, STE. 150 · THE WOODLANDS, TX 77380 | Contract Administrator | $6,740 |
AMERICAN FUNDS5 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618 | Recordkeeping Fees | $1,300 |
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 | $35,411 | $47,126-24.9% | $149,673-76.3% | $74,419-52.4% |
| Participation rate | 56.0% | 63.4%-7.4pp | 78.8%-22.7pp | 70.7%-14.7pp |
| Annual return | 15.90% | 22.75%-6.8pp | 134.42%-118.5pp | 34.38%-18.5pp |
| Employer contribution / active EE | $1,029 | $1,905-46.0% | $4,818-78.6% | $2,637-61.0% |
| Participant deferral / active EE | $1,878 | $2,728-31.2% | $5,680-66.9% | $4,528-58.5% |
| Admin fee / account holder | $105 | $343-69.3% | $13,210-99.2% | $348-69.8% |