Industry56 - Administrative and Support and Waste Management and Remediation Services
Plan typeDefined contribution
Participants1,000-4,999
Cohort388 peers
Snapshot2024
60
Participant deferral / active EE
$2,674
median $1,775
66
Employer contribution / active EE
$1,687
median $710
50
Participation rate
41.4%
median 41.5%
57
Avg account balance
$39,206
median $34,481
71
Admin fee / account holder
$79
median $130
94
Annual return
83.77%
median 14.81%
Overall peer rank
66of 100
66th percentileavg across 6 metrics
See peer percentile detail with Solo.
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This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
Opportunity flags
1 tripped
OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Expense breakdown
Schedule H Part II
Admin total
$52K
$44 / participant
Recordkeeping$52K100.0%
% of EOY assets
0.202%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
The auditor signed off without reservation. This is the cleanest opinion.