Filed March 22, 2022
Total covered: 34 employees
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 4-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 |
|---|---|---|
ASCENSUS LLC2 years Filed as: ASCENSUS Service code 49 | Other Services | $6,139 |
MORNINGSTAR1 year Service code 27 · EIN 36-3297908 | Advisory (Plan) | $436 |
Filed as: VOYA RETIREMENT ADVISORS Service code 26 · EIN 02-0488491 | Advisory (Participants) | $42 |
ASCENSUS LLC2 years Filed as: ASCENSUS C/O FUTURE PLAN Service code 49 PO BOX 734602 · CHICAGO, IL 60673 | Other Services | $0 |
Filed as: VOYA RETIREMENT INSURANCE Service code 64 · EIN 71-0294708 | Recordkeeping Fees | $0 |
Service code 64 | Recordkeeping Fees | $0 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,557 | $101,317-79.7% | $146,958-86.0% | $74,495-72.4% |
| Participation rate | 90.1% | 75.5%+14.5pp | 82.2%+7.9pp | 67.2%+22.9pp |
| Annual return | 31.76% | 8730.91%-8699.2pp | 418.34%-386.6pp | 1364.94%-1333.2pp |
| Employer contribution / active EE | $2,466 | $3,810-35.3% | $4,933-50.0% | $2,623-6.0% |
| Participant deferral / active EE | $3,972 | $7,303-45.6% | $8,070-50.8% | $4,346-8.6% |
| Admin fee / account holder | $28 | $1,739-98.4% | $12,998-99.8% | $1,942-98.5% |