Filed January 15, 2024 (most recent of 2 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 |
|---|---|---|
PENSIONMARK FINANCIAL GROUP LLC1+ years Filed as: PENSIONMARK FINANCIAL GROUP, LLC Service code 27 · EIN 61-1758632 | Advisory (Plan) | $24,041 |
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $15,121 |
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 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 | $101,117 | $87,841+15.1% | $133,980-24.5% | $62,891+60.8% |
| Participation rate | 98.9% | 83.4%+15.5pp | 87.1%+11.8pp | 69.3%+29.6pp |
| Annual return | 4.97% | 12.05%-7.1pp | 29.30%-24.3pp | 20.14%-15.2pp |
| Employer contribution / active EE | $5,493 | $3,483+57.7% | $5,211+5.4% | $2,281+140.8% |
| Participant deferral / active EE | $3,519 | $4,812-26.9% | $6,282-44.0% | $3,203+9.9% |
| Admin fee / account holder | $400 | $5,371-92.6% | $9,324-95.7% | $4,296-90.7% |