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 |
|---|---|---|
BENECO SYSTEMS, LLC1 year Service code 15 · EIN 41-2046279 | Recordkeeping | $27,030 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $8,728 | $55,449-84.3% | $83,848-89.6% | $56,287-84.5% |
| Participation rate | 46.5% | 68.0%-21.5pp | 76.1%-29.6pp | 69.9%-23.3pp |
| Annual return | -10.76% | -1.38%-9.4pp | 850.88%-861.6pp | -9.96%-0.8pp |
| Employer contribution / active EE | $815 | $2,430-66.5% | $3,631-77.6% | $2,111-61.4% |
| Participant deferral / active EE | $502 | $2,935-82.9% | $4,082-87.7% | $3,350-85.0% |
| Admin fee / account holder | $318 | $656-51.5% | $5,478-94.2% | $521-39.0% |