Filed July 26, 2022
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 |
|---|---|---|
USI CONSULTING GROUP2 years Filed as: USI CONSULTING GROUP, INC. Service code 13 95 GLASTONBURY BLVD · GLASTONBURY, CT 06033 | Contract Administrator | $12,325 |
Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $3,498 |
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $84,709 | $119,446-29.1% | $150,045-43.5% | $85,563-1.0% |
| Participation rate | 42.8% | 75.4%-32.6pp | 82.3%-39.5pp | 66.0%-23.1pp |
| Annual return | 15.33% | 23.72%-8.4pp | 62.55%-47.2pp | 31.51%-16.2pp |
| Employer contribution / active EE | $521 | $4,078-87.2% | $4,693-88.9% | $2,654-80.4% |
| Participant deferral / active EE | $3,344 | $7,985-58.1% | $7,997-58.2% | $4,375-23.6% |
| Admin fee / account holder | $113 | $548-79.4% | $13,435-99.2% | $834-86.5% |