Filed January 4, 2024 (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 |
|---|---|---|
BANKPLUS WEALTH MANAGEMENT7+ years Filed as: BANKPLUS WEALTH MANAGEMENT GROUP Service code 27 · EIN 64-0134513 | Advisory (Plan) | $197,747 |
NEWPORT GROUP, INC.4 years Service code 15 · EIN 27-2037969 | Recordkeeping | $82,301 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $56,564 | $56,485+0.1% | $185,823-69.6% | $86,799-34.8% |
| Participation rate | 67.7% | 65.5%+2.2pp | 81.7%-14.0pp | 72.3%-4.6pp |
| Annual return | 9.19% | 118.04%-108.8pp | 122.05%-112.9pp | 97.91%-88.7pp |
| Employer contribution / active EE | $1,771 | $1,843-3.9% | $5,167-65.7% | $2,405-26.4% |
| Participant deferral / active EE | $2,330 | $2,553-8.7% | $5,568-58.1% | $4,131-43.6% |
| Admin fee / account holder | $263 | $150+75.8% | $16,237-98.4% | $170+55.1% |