Filed August 5, 2022
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 |
|---|---|---|
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE RPS. INC Service code 15 · EIN 52-1309931 | Recordkeeping | $600 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $34,288 | $71,480-52.0% | $90,782-62.2% | $64,186-46.6% |
| Participation rate | 42.2% | 77.6%-35.4pp | 82.7%-40.5pp | 69.6%-27.4pp |
| Annual return | -6.85% | -4.25%-2.6pp | -3.42%-3.4pp | 7.63%-14.5pp |
| Employer contribution / active EE | $808 | $3,415-76.3% | $4,105-80.3% | $2,381-66.1% |
| Participant deferral / active EE | $1,307 | $4,302-69.6% | $5,366-75.6% | $3,470-62.3% |
| Admin fee / account holder | $11 | $6,309-99.8% | $5,908-99.8% | $4,888-99.8% |