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 CO9+ 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 | $1,288 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $56,070 | $81,248-31.0% | $155,509-63.9% | $80,856-30.7% |
| Participation rate | 59.4% | 66.2%-6.9pp | 78.2%-18.8pp | 67.6%-8.3pp |
| Annual return | 7.70% | 33.31%-25.6pp | 64.67%-57.0pp | 35.59%-27.9pp |
| Employer contribution / active EE | $1,426 | $3,100-54.0% | $4,672-69.5% | $2,755-48.2% |
| Participant deferral / active EE | $1,767 | $3,452-48.8% | $5,626-68.6% | $4,296-58.9% |
| Admin fee / account holder | $648 | $7,997-91.9% | $15,912-95.9% | $6,918-90.6% |