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 CORP4+ years Service code 27 · EIN 01-0405359 2401 CONGRESS STREET, UNIT 3 · PORTLAND, ME 04102 | Advisory (Plan) | $31,420 |
NATIONWIDE4+ years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $17,648 |
PENSION ASSURANCE LLP4+ years Filed as: THE PENSION SERVICE, INC Service code 13 · EIN 16-0874395 THE EDWARDS BLOCK · WESTBROOK, ME 040922867 | Contract Administrator | $10,968 |
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.)
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 | $30,755 | $44,873-31.5% | $79,464-61.3% | $56,287-45.4% |
| Participation rate | 43.5% | 68.7%-25.3pp | 73.3%-29.9pp | 69.9%-26.4pp |
| Annual return | -8.10% | 0.81%-8.9pp | 718.14%-726.2pp | -9.96%+1.9pp |
| Employer contribution / active EE | $279 | $2,140-86.9% | $2,800-90.0% | $2,111-86.8% |
| Participant deferral / active EE | $1,370 | $2,746-50.1% | $3,704-63.0% | $3,350-59.1% |
| Admin fee / account holder | $408 | $418-2.4% | $5,113-92.0% | $521-21.6% |