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 |
|---|---|---|
LINCOLN NATIONAL CORPORATION2 years Service code 10 · EIN 35-0472300 PO BOX 2212 · FORT WAYNE, IN 46801 | Accounting | $195,219 |
Service code 27 · EIN 04-2675571 | Advisory (Plan) | $92,589 |
CARON & BLETZER, PLLC2 years Service code 10 · EIN 04-3499945 1 LIBRARY LANE · KINGSONT, NH 03848 | Accounting | $35,250 |
Filed as: RETIREMENT PLAN ADMINISTRATORS, LLC Service code 14 · EIN 58-2365498 780 JOHNSON FERRY RD · ATLANTA, GA 30342 | Plan Administrator | $150 |
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 | $71,389 | $53,136+34.4% | $155,509-54.1% | $199,593-64.2% |
| Participation rate | 49.6% | 64.1%-14.5pp | 78.2%-28.6pp | 72.0%-22.4pp |
| Annual return | 24.63% | 41.15%-16.5pp | 64.67%-40.0pp | 34.25%-9.6pp |
| Employer contribution / active EE | $2,107 | $1,851+13.8% | $4,672-54.9% | $3,034-30.6% |
| Participant deferral / active EE | $4,106 | $3,161+29.9% | $5,626-27.0% | $5,087-19.3% |
| Admin fee / account holder | $428 | $185+130.8% | $15,912-97.3% | $269+59.2% |