Filed June 23, 2022
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 |
|---|---|---|
ADP BROKER-DEALER4 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $117,495 |
MORGAN STANLEY SMITH BARNEY3 years Service code 15 · EIN 20-8764829 | Recordkeeping | $80,559 |
ADP BROKER-DEALER9+ years Service code 59 · EIN 22-3319984 | Shareholder Servicing | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $42,657 | $44,626-4.4% | $86,188-50.5% | $80,160-46.8% |
| Participation rate | 31.0% | 63.5%-32.5pp | 69.0%-38.0pp | 72.9%-41.9pp |
| Annual return | 17.42% | 19.61%-2.2pp | 1168.45%-1151.0pp | 40.38%-23.0pp |
| Employer contribution / active EE | $174 | $1,099-84.2% | $2,380-92.7% | $2,978-94.2% |
| Participant deferral / active EE | $983 | $2,769-64.5% | $3,985-75.3% | $5,017-80.4% |
| Admin fee / account holder | $190 | $133+42.8% | $6,852-97.2% | $145+31.3% |