Filed November 8, 2013
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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 |
|---|---|---|
SUMMIT FINANCIAL CORPORATION7+ years Service code 13 · EIN 04-3222046 300 BALLARDVALE STREET · WILMINGTON, MA 01887 | Contract Administrator | $39,818 |
Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $36,686 |
COMMONWEALTH FINANCIAL NETWORK7+ years Service code 27 · EIN 04-2675571 ONE UNIVERSITY PLACE · WALTHAM, MA 02453 | Advisory (Plan) | $12,089 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $109,744 | $63,745+72.2% | $98,442+11.5% | $79,386+38.2% |
| Participation rate | 96.8% | 69.9%+26.9pp | 73.3%+23.5pp | 70.7%+26.1pp |
| Annual return | 14.60% | 625.80%-611.2pp | 1492.73%-1478.1pp | 116.85%-102.3pp |
| Employer contribution / active EE | $3,595 | $2,557+40.6% | $2,960+21.5% | $2,427+48.1% |
| Participant deferral / active EE | $8,637 | $3,303+161.5% | $4,276+102.0% | $4,046+113.5% |
| Admin fee / account holder | $329 | $516-36.3% | $5,949-94.5% | $626-47.5% |