Filed September 9, 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 13 · EIN 42-0127290 | Contract Administrator | $4,270 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
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 | $31,785 | $31,679+0.3% | $74,701-57.5% | $65,185-51.2% |
| Participation rate | 29.4% | 40.4%-10.9pp | 54.5%-25.0pp | 70.2%-40.8pp |
| Annual return | 22.51% | 39.04%-16.5pp | 752.92%-730.4pp | 29.38%-6.9pp |
| Employer contribution / active EE | $620 | $566+9.5% | $1,084-42.8% | $2,177-71.5% |
| Participant deferral / active EE | $829 | $1,191-30.4% | $1,964-57.8% | $3,514-76.4% |
| Admin fee / account holder | $88 | $379-76.9% | $3,333-97.4% | $847-89.7% |