Filed September 11, 2024
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 |
|---|---|---|
THE W.L. BURMEISTER COMPANY2 years Filed as: THE WL BURMEISTER COMPANY Service code 13 · EIN 38-2928964 | Contract Administrator | $5,031 |
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,368 |
Filed as: NORTHWESTERN MUTUAL INVESTEMNT SERV Service code 49 · EIN 52-2114207 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $38,716 | $107,440-64.0% | $105,738-63.4% | $55,725-30.5% |
| Participation rate | 27.0% | 55.5%-28.5pp | 76.3%-49.3pp | 70.9%-43.8pp |
| Annual return | -8.35% | -0.59%-7.8pp | 6.27%-14.6pp | 244.93%-253.3pp |
| Employer contribution / active EE | $455 | $1,448-68.6% | $3,268-86.1% | $2,078-78.1% |
| Participant deferral / active EE | $994 | $2,171-54.2% | $4,080-75.6% | $3,356-70.4% |
| Admin fee / account holder | $46 | $283-83.7% | $6,913-99.3% | $115-59.9% |