Filed February 5, 2012 (most recent of 2 filings on file)
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 |
|---|---|---|
FINANCIAL BENEFIT SERVICES CORP3+ years Service code 27 · EIN 01-0405359 2401 CONGRESS STREET, UNIT 3 · PORTLAND, ME 04102 | Advisory (Plan) | $28,234 |
NATIONWIDE3+ years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $15,319 |
PENSION ASSURANCE LLP3+ years Filed as: THE PENSION SERVICE, INC Service code 13 · EIN 16-0874395 THE EDWARDS BLOCK · WESTBROOK, ME 040922867 | Contract Administrator | $10,685 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $34,923 | $50,637-31.0% | $86,590-59.7% | $62,292-43.9% |
| Participation rate | 41.2% | 67.9%-26.7pp | 73.5%-32.3pp | 69.5%-28.3pp |
| Annual return | 17.99% | 20.80%-2.8pp | 964.84%-946.9pp | 28.90%-10.9pp |
| Employer contribution / active EE | $309 | $2,075-85.1% | $2,839-89.1% | $2,042-84.9% |
| Participant deferral / active EE | $1,479 | $2,611-43.4% | $3,609-59.0% | $3,169-53.3% |
| Admin fee / account holder | $399 | $413-3.5% | $4,906-91.9% | $479-16.8% |