Filed September 30, 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 |
|---|---|---|
Filed as: BANK OF AMERICA Service code 28 · EIN 94-1687665 100 FEDERAL ST. · BOSTON, MA 02110 | Investment Management | $56,271 |
BENEFIT TRUST COMPANY3 years Service code 21 · EIN 43-1971558 | Bank Trustee | $10,685 |
Service code 99 · EIN 04-2530412 88 BOYD AVENUE · E. PROVIDENCE, RI 02914 | Other Fees | $817 |
ALPHA PENSION GROUP, INC.2 years Service code 99 · EIN 26-2219855 396 COMMONWEALTH AVENUE · BOSTON, MA 02215 | Other Fees | $42 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $70,596 | $69,159+2.1% | $125,175-43.6% | $67,579+4.5% |
| Participation rate | 93.1% | 78.2%+14.9pp | 79.8%+13.4pp | 71.3%+21.9pp |
| Annual return | 11.22% | 27.12%-15.9pp | 43.79%-32.6pp | 378.56%-367.3pp |
| Employer contribution / active EE | $3,314 | $2,023+63.8% | $3,865-14.3% | $2,148+54.3% |
| Participant deferral / active EE | $5,810 | $3,700+57.0% | $4,937+17.7% | $3,539+64.2% |
| Admin fee / account holder | $461 | $142+225.0% | $9,702-95.3% | $142+223.8% |