Filed November 14, 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.
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 |
|---|---|---|
ADP BROKER-DEALER3+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $12,631 |
ADP BROKER-DEALER3+ years Service code 59 · EIN 22-3319984 | Shareholder Servicing | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $26,897 | $44,989-40.2% | $170,442-84.2% | $77,958-65.5% |
| Participation rate | 40.8% | 64.6%-23.8pp | 83.6%-42.8pp | 71.6%-30.8pp |
| Annual return | 18.51% | 19.61%-1.1pp | 205.93%-187.4pp | 20.87%-2.4pp |
| Employer contribution / active EE | $353 | $1,466-75.9% | $5,433-93.5% | $2,310-84.7% |
| Participant deferral / active EE | $2,255 | $2,208+2.1% | $4,939-54.3% | $3,537-36.2% |
| Admin fee / account holder | $26 | $69-62.8% | $13,880-99.8% | $97-73.7% |