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 | $23,347 |
BXS INSURANCE INC1 year Service code 49 · EIN 72-1381997 | Other Services | $5,572 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $44,516 | $35,986+23.7% | $77,482-42.5% | $73,488-39.4% |
| Participation rate | 26.7% | 40.8%-14.2pp | 54.2%-27.5pp | 70.7%-44.0pp |
| Annual return | 13.06% | 19.26%-6.2pp | 54.79%-41.7pp | 28.51%-15.5pp |
| Employer contribution / active EE | $557 | $5570% | $986-43.5% | $2,270-75.5% |
| Participant deferral / active EE | $745 | $1,198-37.8% | $1,861-60.0% | $3,740-80.1% |
| Admin fee / account holder | $348 | $466-25.2% | $2,858-87.8% | $513-32.1% |