Filed October 3, 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 |
|---|---|---|
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786 | Loan Processing | $31,008 |
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $8,116 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported that benefits due were not provided when due.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $75,241 | $45,031+67.1% | $84,966-11.4% | $77,643-3.1% |
| Participation rate | 18.3% | 48.7%-30.4pp | 67.5%-49.2pp | 70.6%-52.3pp |
| Annual return | 13.39% | 79.22%-65.8pp | 66.38%-53.0pp | 31.24%-17.9pp |
| Employer contribution / active EE | $358 | $1,609-77.7% | $2,727-86.9% | $2,726-86.9% |
| Participant deferral / active EE | $1,606 | $2,807-42.8% | $4,519-64.5% | $4,647-65.4% |
| Admin fee / account holder | $196 | $912-78.5% | $6,149-96.8% | $430-54.6% |