Filed October 28, 2024 (most recent of 2 filings on file)
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 |
|---|---|---|
ASCENSUS LLC3+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754 | Recordkeeping | $52,076 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $9,675 | $25,165-61.6% | $73,545-86.8% | $77,958-87.6% |
| Participation rate | 29.1% | 36.6%-7.6pp | 54.9%-25.9pp | 71.6%-42.6pp |
| Annual return | 17.02% | 18.12%-1.1pp | -15.16%+32.2pp | 20.87%-3.8pp |
| Employer contribution / active EE | $139 | $395-64.9% | $1,219-88.6% | $2,310-94.0% |
| Participant deferral / active EE | $719 | $898-19.9% | $1,806-60.2% | $3,537-79.7% |
| Admin fee / account holder | $20 | $76-73.0% | $2,320-99.1% | $97-79.0% |