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 | $81,147 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $28,005 | $80,354-65.1% | $133,980-79.1% | $63,975-56.2% |
| Participation rate | 55.9% | 87.5%-31.7pp | 87.1%-31.2pp | 71.1%-15.3pp |
| Annual return | 13.56% | 13.11%+0.5pp | 29.30%-15.7pp | 48.65%-35.1pp |
| Employer contribution / active EE | $181 | $3,503-94.8% | $5,211-96.5% | $2,182-91.7% |
| Participant deferral / active EE | $3,852 | $5,239-26.5% | $6,282-38.7% | $3,356+14.8% |
| Admin fee / account holder | $5 | $69-92.2% | $9,324-99.9% | $70-92.3% |