Filed January 9, 2023
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 37 · EIN 04-2647786 | Loan Processing | $19,393 |
FOCUS 401K GROUP, LLC4 years Filed as: FOCUS 401K GROUP LLC Service code 99 · EIN 47-1258840 16415 ADDISON ROAD · ADDISON, TX 75001 | Other Fees | $11,875 |
WIRTH ROBERT E1 year Service code 49 · EIN 71-0294708 16051 ADDISON ROAD · ADDISON, TX 75001 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return 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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,037 | $88,982-62.9% | $102,438-67.7% | $77,671-57.5% |
| Participation rate | 58.2% | 80.9%-22.7pp | 76.5%-18.3pp | 70.6%-12.4pp |
| Annual return | 11.46% | 25.01%-13.5pp | 29.37%-17.9pp | 31.21%-19.7pp |
| Employer contribution / active EE | $931 | $2,698-65.5% | $3,024-69.2% | $2,726-65.9% |
| Participant deferral / active EE | $1,574 | $5,144-69.4% | $5,054-68.8% | $4,648-66.1% |
| Admin fee / account holder | $183 | $236-22.2% | $9,448-98.1% | $430-57.4% |