Filed July 31, 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 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 59-2937883 | Advisory (Plan) | $9,021 |
Filed as: FIDELITY WORKPLACE SERVICES LLC Service code 14 · EIN 04-3532603 | Plan Administrator | $3,610 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $18,106 | $66,457-72.8% | $81,382-77.8% | $77,643-76.7% |
| Participation rate | 49.7% | 68.7%-19.0pp | 69.5%-19.8pp | 70.6%-20.8pp |
| Annual return | 55.05% | 15.93%+39.1pp | 24.73%+30.3pp | 31.24%+23.8pp |
| Employer contribution / active EE | $1,861 | $2,159-13.8% | $2,463-24.5% | $2,726-31.7% |
| Participant deferral / active EE | $3,191 | $3,679-13.3% | $3,883-17.8% | $4,647-31.3% |
| Admin fee / account holder | $65 | $583-88.9% | $5,768-98.9% | $430-85.0% |