Filed May 9, 2022 (most recent of 2 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 12 · EIN 13-3689044 | Participant loan processing; Float re... | $82,069 |
Service code 16 · EIN 27-0636826 | Consulting | $40,320 |
Filed as: MUTUAL OF AMERICA Service code 12 · EIN 95-1644018 | Participant loan processing; Recordke... | $595 |
NATIONAL FINANCIAL SERVICES7 years Service code 33 · EIN 04-3523567 | Securities brokerage; Securities brok... | $0 |
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.
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 | $29,311 | $44,626-34.3% | $86,188-66.0% | $80,160-63.4% |
| Participation rate | 38.3% | 63.5%-25.2pp | 69.0%-30.6pp | 72.9%-34.6pp |
| Annual return | 16.04% | 19.61%-3.6pp | 1168.45%-1152.4pp | 40.38%-24.3pp |
| Employer contribution / active EE | $414 | $1,099-62.4% | $2,380-82.6% | $2,978-86.1% |
| Participant deferral / active EE | $946 | $2,769-65.8% | $3,985-76.3% | $5,017-81.1% |
| Admin fee / account holder | $128 | $133-3.8% | $6,852-98.1% | $145-11.6% |