Filed September 16, 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.
| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION1+ years Service code 13 · EIN 35-1140070 | Contract Administrator | $89,195 |
LBMC, PC1+ years Service code 10 PO BOX 1869 · BRENTWOOD, TN 370241869 | Accounting | $10,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $79,603 | $30,147+164.1% | $58,482+36.1% | $80,160-0.7% |
| Participation rate | 39.9% | 34.4%+5.5pp | 50.9%-11.0pp | 72.9%-33.1pp |
| Annual return | 19.81% | 21.97%-2.2pp | 4239.32%-4219.5pp | 40.38%-20.6pp |
| Employer contribution / active EE | $1,101 | $528+108.7% | $1,053+4.5% | $2,978-63.0% |
| Participant deferral / active EE | $2,065 | $1,249+65.3% | $1,924+7.4% | $5,017-58.8% |
| Admin fee / account holder | $85 | $195-56.3% | $2,516-96.6% | $145-41.3% |