Filed June 26, 2012
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 WEALTH GROUP2 years Filed as: SUMMIT WEALTH GROUP LLC Service code 26 · EIN 20-0402320 | Advisory (Participants) | $24,979 |
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $350 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $66,751 | $55,002+21.4% | $59,878+11.5% | $56,287+18.6% |
| Participation rate | 68.5% | 75.9%-7.4pp | 74.7%-6.2pp | 69.9%-1.3pp |
| Annual return | -6.55% | 1.13%-7.7pp | 3.46%-10.0pp | -9.96%+3.4pp |
| Employer contribution / active EE | $4,274 | $2,448+74.6% | $2,722+57.0% | $2,111+102.5% |
| Participant deferral / active EE | $3,899 | $3,121+24.9% | $3,402+14.6% | $3,350+16.4% |
| Admin fee / account holder | $5 | $236-97.9% | $3,590-99.9% | $521-99.1% |