Filed July 22, 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 |
|---|---|---|
Service code 12 · EIN 48-1205033 | Direct payment from the plan; Recordk... | $2,826 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $26,305 | $65,557-59.9% | $105,738-75.1% | $56,287-53.3% |
| Participation rate | 52.4% | 63.4%-11.0pp | 76.3%-24.0pp | 69.9%-17.5pp |
| Annual return | -6.20% | -1.32%-4.9pp | 6.27%-12.5pp | -9.96%+3.8pp |
| Employer contribution / active EE | $1,502 | $1,788-16.0% | $3,268-54.1% | $2,111-28.9% |
| Participant deferral / active EE | $2,855 | $2,418+18.1% | $4,080-30.0% | $3,350-14.8% |
| Admin fee / account holder | $37 | $561-93.5% | $6,913-99.5% | $521-93.0% |