Filed February 13, 2019
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 27 · EIN 47-1411118 | Advisory (Plan) | $32,209 |
Service code 37 · EIN 04-2647786 | Loan Processing | $10,738 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $20,640 | $106,236-80.6% | $112,228-81.6% | $64,808-68.2% |
| Participation rate | 50.1% | 71.7%-21.6pp | 75.1%-24.9pp | 71.5%-21.4pp |
| Annual return | -15.35% | -6.02%-9.3pp | 27.45%-42.8pp | 32.82%-48.2pp |
| Employer contribution / active EE | $343 | $3,166-89.2% | $3,635-90.6% | $2,506-86.3% |
| Participant deferral / active EE | $1,865 | $3,785-50.7% | $4,728-60.6% | $4,310-56.7% |
| Admin fee / account holder | $134 | $452-70.3% | $6,410-97.9% | $188-28.5% |