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 CO5+ 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 | $2,066 |
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.)
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 | $36,111 | $58,879-38.7% | $178,490-79.8% | $73,488-50.9% |
| Participation rate | 58.6% | 66.2%-7.6pp | 81.9%-23.3pp | 70.7%-12.1pp |
| Annual return | 8.06% | 24.86%-16.8pp | 151.07%-143.0pp | 28.51%-20.5pp |
| Employer contribution / active EE | $1,244 | $2,236-44.4% | $5,011-75.2% | $2,270-45.2% |
| Participant deferral / active EE | $1,585 | $2,567-38.2% | $5,202-69.5% | $3,740-57.6% |
| Admin fee / account holder | $575 | $400+43.8% | $13,984-95.9% | $513+12.2% |