Filed January 20, 2017
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 |
|---|---|---|
PARK AVENUE SECURITIES LLC1+ years Filed as: PARK AVENUE SECURITIES Service code 49 | Other Services | $49,207 |
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $29,934 |
LPL FINANCIAL1+ years Filed as: LPL FINANCIAL CORPORATION Service code 49 · EIN 95-2834236 | Other Services | $9,529 |
Filed as: PLANNED RETIREMENT CONSULTANTS Service code 11 · EIN 22-2116608 | Actuarial | $4,958 |
PARK AVENUE SECURITIES LLC1+ years Service code 49 · EIN 13-4023176 | Other Services | $0 |
WILSHIRE ASSOCIATES INCORPORATED1+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $27,941 | $75,760-63.1% | $123,104-77.3% | $59,188-52.8% |
| Participation rate | 43.8% | 86.0%-42.3pp | 86.8%-43.0pp | 69.4%-25.6pp |
| Annual return | 0.98% | 2.93%-2.0pp | 13.22%-12.2pp | 5.51%-4.5pp |
| Employer contribution / active EE | $438 | $3,415-87.2% | $5,151-91.5% | $2,098-79.1% |
| Participant deferral / active EE | $3,237 | $5,000-35.3% | $6,230-48.0% | $3,265-0.9% |
| Admin fee / account holder | $53 | $61-12.4% | $9,015-99.4% | $92-42.3% |