Filed July 27, 2020
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 9-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 |
|---|---|---|
AXA EQUITABLE LIFE INSURANCE CO4+ years Filed as: AXA EQUITABLE LIFE INSURANCE COMPAN Service code 25 · EIN 13-5570651 1840 CENTURY PARK EAST, SUITE 300 · LOS ANGELES, CA 90067 | Directed Trustee | $2,185 |
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 | $29,900 | $52,953-43.5% | $172,739-82.7% | $65,185-54.1% |
| Participation rate | 87.6% | 66.2%+21.4pp | 82.6%+4.9pp | 70.2%+17.4pp |
| Annual return | 15.10% | 30.12%-15.0pp | 802.84%-787.7pp | 29.38%-14.3pp |
| Employer contribution / active EE | $1,393 | $2,190-36.4% | $5,143-72.9% | $2,177-36.0% |
| Participant deferral / active EE | $1,191 | $2,471-51.8% | $5,198-77.1% | $3,514-66.1% |
| Admin fee / account holder | $482 | $472+2.2% | $13,954-96.5% | $847-43.1% |