Filed October 15, 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 7-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 15 · EIN 01-0233346 | Recordkeeping | $395 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $62,289 | $58,512+6.5% | $84,015-25.9% | $72,985-14.7% |
| Participation rate | 41.3% | 61.2%-20.0pp | 69.0%-27.8pp | 69.5%-28.2pp |
| Annual return | 8.30% | 28.93%-20.6pp | 71.31%-63.0pp | 81.00%-72.7pp |
| Employer contribution / active EE | $0 | $1,163-100.0% | $1,983-100.0% | $2,440-100.0% |
| Participant deferral / active EE | $2,267 | $2,394-5.3% | $3,239-30.0% | $3,607-37.2% |
| Admin fee / account holder | $26 | $4,569-99.4% | $6,101-99.6% | $5,124-99.5% |