Filed June 23, 2022 (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 |
|---|---|---|
Service code 12 · EIN 84-1477138 | Participant communication; Recordkeep... | $94,783 |
Service code 17 5800 MEADOWS ROAD · LAKE OSWEGO, OR 97035 | Pension Consulting | $64,489 |
NEWPORT GROUP, INC.2+ years Filed as: MATRIX FINANCIAL SOLUTIONS, INC. Service code 18 · EIN 20-1591048 | Investment management; Trustee (bank,... | $24,064 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $14,821 | $33,232-55.4% | $71,796-79.4% | $63,975-76.8% |
| Participation rate | 46.3% | 60.1%-13.8pp | 69.1%-22.8pp | 71.1%-24.8pp |
| Annual return | 8.75% | 11.99%-3.2pp | 78.04%-69.3pp | 48.65%-39.9pp |
| Employer contribution / active EE | $364 | $723-49.6% | $1,924-81.1% | $2,182-83.3% |
| Participant deferral / active EE | $1,009 | $1,604-37.1% | $2,794-63.9% | $3,356-69.9% |
| Admin fee / account holder | $86 | $63+36.0% | $4,815-98.2% | $70+22.6% |