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 LLC5 years Filed as: DEFINITI-LLC Service code 13 · EIN 85-0833363 2201 TIMBERLOCH PLACE, STE. 150 · THE WOODLANDS, TX 77380 | Contract Administrator | $11,005 |
AMERICAN FUNDS6 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618 | Recordkeeping Fees | $5,190 |
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 | $40,100 | $50,815-21.1% | $155,509-74.2% | $77,643-48.4% |
| Participation rate | 60.2% | 63.1%-2.9pp | 78.2%-18.0pp | 70.6%-10.4pp |
| Annual return | 13.08% | 34.80%-21.7pp | 64.67%-51.6pp | 31.24%-18.2pp |
| Employer contribution / active EE | $1,146 | $1,993-42.5% | $4,672-75.5% | $2,726-57.9% |
| Participant deferral / active EE | $1,997 | $2,822-29.2% | $5,626-64.5% | $4,647-57.0% |
| Admin fee / account holder | $40 | $437-90.9% | $15,912-99.8% | $430-90.8% |