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 | $29,473 |
BXS INSURANCE INC2 years Service code 49 · EIN 72-1381997 | Other Services | $7,846 |
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.)
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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,480 | $30,555+78.3% | $80,716-32.5% | $86,799-37.2% |
| Participation rate | 15.8% | 37.2%-21.5pp | 54.2%-38.4pp | 72.3%-56.5pp |
| Annual return | 14.04% | 30.35%-16.3pp | 87.28%-73.2pp | 97.91%-83.9pp |
| Employer contribution / active EE | $422 | $472-10.6% | $1,160-63.6% | $2,405-82.4% |
| Participant deferral / active EE | $624 | $1,050-40.5% | $2,146-70.9% | $4,131-84.9% |
| Admin fee / account holder | $447 | $135+229.6% | $3,380-86.8% | $170+163.4% |