Filed November 6, 2015
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 |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $23,662 |
Filed as: AMERIPRISE FINANCIAL SERVICES INC. Service code 49 · EIN 51-6041053 | Other Services | $13,261 |
ASCENSUS LLC1 year Filed as: THE HILB GROUP OF NEW ENGLAND LLC Service code 13 · EIN 47-4324398 931 JEFFERSON BLVD. -SUITE 3001 · WARWICK, RI 02886 | Contract Administrator | $7,929 |
Filed as: WILSHIRE ASSOCIATES INC. Service code 27 · EIN 95-2755361 | Advisory (Plan) | $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.
Annual investment return 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).
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 | $10,792 | $37,196-71.0% | $154,107-93.0% | $55,725-80.6% |
| Participation rate | 67.0% | 64.1%+3.0pp | 83.0%-16.0pp | 70.9%-3.8pp |
| Annual return | -7.54% | 1319.68%-1327.2pp | 735.12%-742.7pp | 244.93%-252.5pp |
| Employer contribution / active EE | $101 | $1,614-93.7% | $5,298-98.1% | $2,078-95.1% |
| Participant deferral / active EE | $972 | $2,068-53.0% | $5,081-80.9% | $3,356-71.0% |
| Admin fee / account holder | $112 | $102+9.8% | $13,411-99.2% | $115-3.2% |