Filed August 28, 2009
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 |
|---|---|---|
NEWPORT GROUP, INC.1 year Service code 12 · EIN 27-2037969 | Recordkeeping fees; Recordkeeping and... | $50,456 |
AMERICAN FUNDS2+ years Filed as: ADVANCED CAPITAL GROUP Service code 27 50 SOUTH SIXTH STREET · MINNEAPOLIS, MN 55402 | Advisory (Plan) | $45,361 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $99,069 | $57,921+71.0% | $84,750+16.9% | $57,658+71.8% |
| Participation rate | 79.9% | 72.9%+7.0pp | 76.6%+3.3pp | 70.2%+9.7pp |
| Annual return | 9.36% | 10.24%-0.9pp | 22.78%-13.4pp | 5.13%+4.2pp |
| Employer contribution / active EE | $1,976 | $2,598-23.9% | $3,574-44.7% | $1,974+0.1% |
| Participant deferral / active EE | $5,114 | $2,742+86.5% | $3,712+37.8% | $3,061+67.1% |
| Admin fee / account holder | $388 | $130+199.4% | $5,332-92.7% | $95+310.7% |