Filed October 10, 2018
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Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
Service code 64 · EIN 71-0294708 | Recordkeeping Fees | $15,855 |
EVERHART ADVISORS2 years Filed as: EVERHART FINANCIAL GROUP Service code 99 · EIN 31-1440043 | Other Fees | $10,050 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $51,522 | $35,986+43.2% | $77,482-33.5% | $73,488-29.9% |
| Participation rate | 19.5% | 40.8%-21.3pp | 54.2%-34.7pp | 70.7%-51.2pp |
| Annual return | 17.99% | 19.26%-1.3pp | 54.79%-36.8pp | 28.51%-10.5pp |
| Employer contribution / active EE | $221 | $557-60.3% | $986-77.6% | $2,270-90.2% |
| Participant deferral / active EE | $1,118 | $1,198-6.6% | $1,861-39.9% | $3,740-70.1% |
| Admin fee / account holder | $375 | $466-19.6% | $2,858-86.9% | $513-27.0% |