Filed November 13, 2023
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 DAVID J. YVARS GROUP5 years Service code 27 400 COLUMBUS AVE · VALHALLA, NY 10595 | Advisory (Plan) | $13,922 |
NEWPORT GROUP, INC.7 years Service code 15 · EIN 27-2037969 | Recordkeeping | $5,951 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant 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).
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 | $33,222 | $50,815-34.6% | $155,509-78.6% | $77,643-57.2% |
| Participation rate | 41.1% | 63.1%-22.0pp | 78.2%-37.1pp | 70.6%-29.5pp |
| Annual return | 16.45% | 34.80%-18.4pp | 64.67%-48.2pp | 31.24%-14.8pp |
| Employer contribution / active EE | $1,320 | $1,993-33.8% | $4,672-71.8% | $2,726-51.6% |
| Participant deferral / active EE | $703 | $2,822-75.1% | $5,626-87.5% | $4,647-84.9% |
| Admin fee / account holder | $146 | $437-66.5% | $15,912-99.1% | $430-66.0% |