Filed September 1, 2023 (most recent of 2 filings on file)
Total covered: 2 employees
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 |
|---|---|---|
ASCENSUS LLC1 year Service code 15 | Recordkeeping | $2 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $30,907 | $49,915-38.1% | $154,803-80.0% | $74,304-58.4% |
| Participation rate | 53.8% | 54.0%-0.1pp | 78.1%-24.2pp | 60.3%-6.5pp |
| Annual return | 15.37% | 34.06%-18.7pp | 58.88%-43.5pp | 29.43%-14.1pp |
| Employer contribution / active EE | $304 | $1,611-81.1% | $4,305-92.9% | $2,241-86.4% |
| Participant deferral / active EE | $2,629 | $2,255+16.6% | $5,540-52.5% | $3,767-30.2% |
| Admin fee / account holder | $127 | $2,189-94.2% | $14,329-99.1% | $2,969-95.7% |