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 | $47,647 |
Filed as: PENSIONMARK FINANCIAL GROUP, LLC Service code 27 · EIN 61-1758632 | Advisory (Plan) | $20,835 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,566 | $84,487-75.7% | $125,339-83.6% | $66,914-69.3% |
| Participation rate | 68.1% | 76.4%-8.3pp | 82.4%-14.3pp | 69.8%-1.7pp |
| Annual return | -16.35% | -8.39%-8.0pp | 572.05%-588.4pp | 1.58%-17.9pp |
| Employer contribution / active EE | $1,200 | $3,553-66.2% | $4,814-75.1% | $2,544-52.8% |
| Participant deferral / active EE | $4,071 | $6,781-40.0% | $7,446-45.3% | $4,237-3.9% |
| Admin fee / account holder | $247 | $685-64.0% | $10,010-97.5% | $593-58.4% |