Filed January 13, 2020
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 | $42,599 |
Filed as: PENSIONMARK FINANCIAL GROUP, LLC Service code 27 · EIN 61-1758632 | Advisory (Plan) | $12,357 |
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).
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 | $16,530 | $100,801-83.6% | $149,696-89.0% | $73,409-77.5% |
| Participation rate | 75.6% | 77.7%-2.1pp | 82.5%-6.9pp | 72.2%+3.4pp |
| Annual return | 41.35% | 265.34%-224.0pp | 276.60%-235.3pp | 59.29%-17.9pp |
| Employer contribution / active EE | $788 | $3,312-76.2% | $4,644-83.0% | $2,234-64.7% |
| Participant deferral / active EE | $3,060 | $6,404-52.2% | $6,842-55.3% | $3,805-19.6% |
| Admin fee / account holder | $184 | $181+1.6% | $9,309-98.0% | $158+16.3% |