Filed October 19, 2021 (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 6-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 |
|---|---|---|
Filed as: SENTINEL BENEFITS GROUP Service code 15 100 QUANNAPOWITT PARKWAY · WAKEFIELD, MA 01880 | Recordkeeping | $8,385 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $11,438 | $49,451-76.9% | $79,550-85.6% | $66,914-82.9% |
| Participation rate | 96.2% | 61.3%+34.8pp | 69.5%+26.7pp | 69.8%+26.4pp |
| Annual return | -11.58% | 84.25%-95.8pp | 0.16%-11.7pp | 1.58%-13.2pp |
| Employer contribution / active EE | $4,047 | $1,266+219.8% | $2,413+67.7% | $2,544+59.1% |
| Participant deferral / active EE | $0 | $3,159-100.0% | $3,985-100.0% | $4,237-100.0% |
| Admin fee / account holder | $68 | $595-88.6% | $6,832-99.0% | $593-88.6% |