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 |
|---|---|---|
PNC BANK, N.A.1 year Service code 25 · EIN 22-1146430 | Directed Trustee | $11,993 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,239 | $64,909-79.6% | $82,313-83.9% | $62,292-78.7% |
| Participation rate | 61.2% | 74.9%-13.7pp | 76.9%-15.7pp | 69.5%-8.3pp |
| Annual return | 17.14% | 21.18%-4.0pp | 25.88%-8.7pp | 28.90%-11.8pp |
| Employer contribution / active EE | $743 | $1,676-55.6% | $2,428-69.4% | $2,042-63.6% |
| Participant deferral / active EE | $1,393 | $3,103-55.1% | $3,706-62.4% | $3,169-56.0% |
| Admin fee / account holder | $85 | $440-80.7% | $5,608-98.5% | $479-82.3% |