Filed October 3, 2022 (most recent of 3 filings on file)
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 10-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 37 · EIN 04-2647786 | Loan Processing | $7,586 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $45,979 | $63,745-27.9% | $98,442-53.3% | $79,386-42.1% |
| Participation rate | 32.1% | 69.9%-37.8pp | 73.3%-41.3pp | 70.7%-38.6pp |
| Annual return | 12.72% | 625.80%-613.1pp | 1492.73%-1480.0pp | 116.85%-104.1pp |
| Employer contribution / active EE | $148 | $2,557-94.2% | $2,960-95.0% | $2,427-93.9% |
| Participant deferral / active EE | $1,339 | $3,303-59.5% | $4,276-68.7% | $4,046-66.9% |
| Admin fee / account holder | $140 | $516-72.9% | $5,949-97.6% | $626-77.7% |