Filed November 29, 2021
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 |
|---|---|---|
Service code 15 · EIN 35-0145825 | Recordkeeping | $61,457 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $33,302 | $75,760-56.0% | $123,104-72.9% | $59,188-43.7% |
| Participation rate | 40.3% | 86.0%-45.7pp | 86.8%-46.5pp | 69.4%-29.1pp |
| Annual return | -0.05% | 2.93%-3.0pp | 13.22%-13.3pp | 5.51%-5.6pp |
| Employer contribution / active EE | $243 | $3,415-92.9% | $5,151-95.3% | $2,098-88.4% |
| Participant deferral / active EE | $3,455 | $5,000-30.9% | $6,230-44.5% | $3,265+5.8% |
| Admin fee / account holder | $5 | $61-92.5% | $9,015-99.9% | $92-95.0% |