Filed January 14, 2020
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 13 · EIN 42-0127290 | Contract Administrator | $33,379 |
Service code 27 · EIN 82-0759826 | Advisory (Plan) | $9,927 |
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 | $31,822 | $56,485-43.7% | $185,823-82.9% | $86,799-63.3% |
| Participation rate | 35.5% | 65.5%-29.9pp | 81.7%-46.2pp | 72.3%-36.7pp |
| Annual return | 14.78% | 118.04%-103.3pp | 122.05%-107.3pp | 97.91%-83.1pp |
| Employer contribution / active EE | $444 | $1,843-75.9% | $5,167-91.4% | $2,405-81.5% |
| Participant deferral / active EE | $958 | $2,553-62.5% | $5,568-82.8% | $4,131-76.8% |
| Admin fee / account holder | $321 | $150+114.4% | $16,237-98.0% | $170+89.2% |