Filed October 24, 2014
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 |
|---|---|---|
NATIONWIDE2+ years Service code 10 · EIN 31-4156930 | Accounting | $288,556 |
TRUSTMARK NATIONAL BANK2+ years Service code 15 · EIN 64-0180810 | Recordkeeping | $12,465 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $32,117 | $70,106-54.2% | $80,975-60.3% | $63,975-49.8% |
| Participation rate | 92.3% | 79.4%+12.9pp | 75.8%+16.4pp | 71.1%+21.1pp |
| Annual return | 8.64% | 13.93%-5.3pp | 17.10%-8.5pp | 48.65%-40.0pp |
| Employer contribution / active EE | $2,547 | $2,042+24.8% | $3,714-31.4% | $2,182+16.8% |
| Participant deferral / active EE | $3,145 | $5,245-40.0% | $5,696-44.8% | $3,356-6.3% |
| Admin fee / account holder | $190 | $57+232.6% | $5,516-96.6% | $70+169.2% |