Filed August 20, 2024
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.
| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $352,973 |
LBMC, PC1+ years Service code 10 · EIN 62-1199757 | Accounting | $126,000 |
Filed as: GALLAGHER FIDUCIARY ADVISORS LLC Service code 27 · EIN 36-4291971 | Advisory (Plan) | $112,009 |
STRATEGIC ADVISORS, INC.1+ years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $100,828 |
ADP BROKER-DEALER1+ years Filed as: ADP Service code 49 · EIN 22-1467904 | Other Services | $80,066 |
CORRELL CO.1+ years Filed as: CORRELL COMPANY Service code 10 · EIN 36-3492086 | Accounting | $78,882 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Form 5500 reported that benefits due were not provided when due.
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 | $43,260 | $106,382-59.3% | $136,007-68.2% | $106,382-59.3% |
| Participation rate | 65.4% | 69.9%-4.5pp | 76.5%-11.1pp | 69.9%-4.5pp |
| Annual return | 32.56% | 17.37%+15.2pp | 579.32%-546.8pp | 17.37%+15.2pp |
| Employer contribution / active EE | $1,298 | $3,364-61.4% | $4,217-69.2% | $3,364-61.4% |
| Participant deferral / active EE | $3,010 | $5,569-45.9% | $7,025-57.1% | $5,569-45.9% |
| Admin fee / account holder | $89 | $79+12.3% | $6,858-98.7% | $79+12.3% |