Filed March 2, 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 37 · EIN 04-2647786 | Loan Processing | $2,150 |
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.
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 | $56,186 | $63,905-12.1% | $74,183-24.3% | $57,658-2.6% |
| Participation rate | 52.7% | 79.8%-27.1pp | 76.6%-24.0pp | 70.2%-17.6pp |
| Annual return | 13.23% | 60.60%-47.4pp | 17.74%-4.5pp | 5.13%+8.1pp |
| Employer contribution / active EE | $0 | $1,840-100.0% | $2,370-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $6,033 | $3,448+75.0% | $3,550+70.0% | $3,061+97.1% |
| Admin fee / account holder | $9 | $91-89.6% | $5,586-99.8% | $95-90.0% |