Filed February 25, 2016 (most recent of 3 filings on file)
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 |
|---|---|---|
Filed as: FULTON BANK, N. A. Service code 15 · EIN 23-1928421 | Recordkeeping | $30,544 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $89,112 | $58,879+51.3% | $178,490-50.1% | $73,488+21.3% |
| Participation rate | 35.3% | 66.2%-30.9pp | 81.9%-46.6pp | 70.7%-35.3pp |
| Annual return | 17.25% | 24.86%-7.6pp | 151.07%-133.8pp | 28.51%-11.3pp |
| Employer contribution / active EE | $506 | $2,236-77.4% | $5,011-89.9% | $2,270-77.7% |
| Participant deferral / active EE | $1,333 | $2,567-48.1% | $5,202-74.4% | $3,740-64.4% |
| Admin fee / account holder | $351 | $400-12.3% | $13,984-97.5% | $513-31.6% |