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 COMPANY4 years Filed as: THE WL BURMEISTER COMPANY Service code 13 · EIN 38-2928964 | Contract Administrator | $5,483 |
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,375 |
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.
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 | $58,228 | $58,101+0.2% | $118,925-51.0% | $73,409-20.7% |
| Participation rate | 28.1% | 56.1%-28.1pp | 75.4%-47.3pp | 72.2%-44.1pp |
| Annual return | 18.77% | 20.56%-1.8pp | 35.88%-17.1pp | 59.29%-40.5pp |
| Employer contribution / active EE | $608 | $1,445-57.9% | $3,263-81.4% | $2,234-72.8% |
| Participant deferral / active EE | $1,310 | $2,400-45.4% | $4,265-69.3% | $3,805-65.6% |
| Admin fee / account holder | $59 | $138-57.6% | $6,581-99.1% | $158-62.9% |