Filed February 13, 2024
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 4-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 27 · EIN 04-2675571 | Advisory (Plan) | $235,864 |
Service code 15 · EIN 35-0472300 P.O. BOX 7877 · FORT WAYNE, IN 46802 | Recordkeeping | $77,461 |
CARON & BLETZER, PLLC1 year Service code 10 · EIN 04-3499945 | Accounting | $9,750 |
Service code 15 · EIN 01-0233346 | Recordkeeping | $1,780 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $60,593 | $47,126+28.6% | $149,673-59.5% | $74,419-18.6% |
| Participation rate | 54.8% | 63.4%-8.6pp | 78.8%-23.9pp | 70.7%-15.9pp |
| Annual return | 20.26% | 22.75%-2.5pp | 134.42%-114.2pp | 34.38%-14.1pp |
| Employer contribution / active EE | $1,725 | $1,905-9.5% | $4,818-64.2% | $2,637-34.6% |
| Participant deferral / active EE | $3,633 | $2,728+33.2% | $5,680-36.0% | $4,528-19.8% |
| Admin fee / account holder | $540 | $343+57.6% | $13,210-95.9% | $348+55.2% |