Filed June 11, 2024 (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 | $36,469 |
FORVIS MAZARS, LLP1 year Filed as: FORVIS MAZARS Service code 49 · EIN 44-0160260 | Other Services | $26,513 |
Filed as: WEALTH ENHANCEMENT GROUP Service code 27 · EIN 41-2016508 | Advisory (Plan) | $5,000 |
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 | $34,029 | $122,186-72.1% | $146,958-76.8% | $199,593-83.0% |
| Participation rate | 79.2% | 78.3%+0.9pp | 82.2%-2.9pp | 72.0%+7.2pp |
| Annual return | 22.68% | 30.56%-7.9pp | 418.34%-395.7pp | 34.25%-11.6pp |
| Employer contribution / active EE | $1,781 | $4,093-56.5% | $4,933-63.9% | $3,034-41.3% |
| Participant deferral / active EE | $5,668 | $8,502-33.3% | $8,070-29.8% | $5,087+11.4% |
| Admin fee / account holder | $76 | $179-57.2% | $12,998-99.4% | $269-71.5% |