Filed June 29, 2023
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 |
|---|---|---|
NEWPORT GROUP, INC.6 years Service code 13 · EIN 27-2037969 | Contract Administrator | $24,868 |
PNC BANK, N.A.2 years Filed as: PNC INSTITUTIONAL ASSET MANAGEMENT Service code 26 300 FIFTH AVENUE · PITTSBURGH, PA 15222 | Advisory (Participants) | $11,745 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,906 | $79,184-67.3% | $102,438-74.7% | $74,546-65.2% |
| Participation rate | 93.9% | 74.8%+19.1pp | 76.5%+17.4pp | 67.2%+26.7pp |
| Annual return | 11.47% | 54.95%-43.5pp | 29.37%-17.9pp | 1366.03%-1354.6pp |
| Employer contribution / active EE | $1,348 | $2,362-42.9% | $3,024-55.4% | $2,624-48.6% |
| Participant deferral / active EE | $2,603 | $4,414-41.0% | $5,054-48.5% | $4,347-40.1% |
| Admin fee / account holder | $154 | $2,001-92.3% | $9,448-98.4% | $1,944-92.1% |