Filed May 6, 2012 (most recent of 2 filings on file)
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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 |
|---|---|---|
RAINER & COMPANY3+ years Service code 10 · EIN 23-2183936 | Accounting | $21,460 |
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 55 · EIN 23-2384840 | Other Commissions | $9,371 |
Service code 25 · EIN 04-2647786 | Directed Trustee | $5,037 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $57,283 | $42,548+34.6% | $74,550-23.2% | $56,287+1.8% |
| Participation rate | 36.6% | 60.5%-23.8pp | 69.1%-32.5pp | 69.9%-33.2pp |
| Annual return | -8.77% | 12.40%-21.2pp | 32.53%-41.3pp | -9.96%+1.2pp |
| Employer contribution / active EE | $208 | $855-75.7% | $1,961-89.4% | $2,111-90.2% |
| Participant deferral / active EE | $1,610 | $2,277-29.3% | $3,108-48.2% | $3,350-51.9% |
| Admin fee / account holder | $427 | $467-8.5% | $5,060-91.6% | $521-18.0% |