Filed August 1, 2018
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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 |
|---|---|---|
NATIONWIDE4+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $49,190 |
MGO INVESTMENT ADVISORS2 years Filed as: MGO INVESTMENT ADVISORY INC. Service code 26 24400 CHAGRIN BLVD · BEACHWOOD, OH 44122 | Advisory (Participants) | $33,766 |
MGO INVESTMENT ADVISORS2 years Filed as: MGO INC. Service code 15 24400 CHAGRIN BLVD · BEACHWOOD, OH 44122 | Recordkeeping | $5,895 |
MGO INVESTMENT ADVISORS2 years Service code 15 | Recordkeeping | $1,565 |
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.
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 | $79,609 | $55,002+44.7% | $59,878+33.0% | $56,287+41.4% |
| Participation rate | 91.0% | 75.9%+15.1pp | 74.7%+16.3pp | 69.9%+21.2pp |
| Annual return | -5.50% | 1.13%-6.6pp | 3.46%-9.0pp | -9.96%+4.5pp |
| Employer contribution / active EE | $2,297 | $2,448-6.2% | $2,722-15.6% | $2,111+8.8% |
| Participant deferral / active EE | $4,657 | $3,121+49.2% | $3,402+36.9% | $3,350+39.0% |
| Admin fee / account holder | $357 | $236+51.2% | $3,590-90.1% | $521-31.6% |