Filed August 7, 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 6-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 |
|---|---|---|
401K ADVISORS INC2 years Service code 15 · EIN 33-0905143 | Recordkeeping | $39,238 |
ADP BROKER-DEALER2 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $7,500 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $40,679 | $50,982-20.2% | $154,803-73.7% | $85,563-52.5% |
| Participation rate | 48.1% | 59.8%-11.7pp | 78.1%-30.0pp | 66.0%-17.9pp |
| Annual return | 39.09% | 30.35%+8.7pp | 58.88%-19.8pp | 31.51%+7.6pp |
| Employer contribution / active EE | $566 | $1,708-66.9% | $4,305-86.9% | $2,654-78.7% |
| Participant deferral / active EE | $2,368 | $2,474-4.3% | $5,540-57.3% | $4,375-45.9% |
| Admin fee / account holder | $164 | $846-80.6% | $14,329-98.9% | $834-80.4% |