Filed April 3, 2019
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 |
|---|---|---|
Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 64 · EIN 71-0294708 | Recordkeeping Fees | $59,555 |
QUALIFIED PLANS, LLC5 years Filed as: QUALIFIED PLAN CONSULTANTS, LLC Service code 17 4949 WESTOWN PKWY · WEST DES MOINES, IA 50266 | Pension Consulting | $11,039 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,520 | $40,278-46.6% | $80,569-73.3% | $80,160-73.2% |
| Participation rate | 18.1% | 47.5%-29.4pp | 67.0%-48.9pp | 72.9%-54.8pp |
| Annual return | 19.08% | 50.86%-31.8pp | 935.43%-916.4pp | 40.38%-21.3pp |
| Employer contribution / active EE | $205 | $1,332-84.6% | $2,723-92.5% | $2,978-93.1% |
| Participant deferral / active EE | $722 | $2,696-73.2% | $4,447-83.8% | $5,017-85.6% |
| Admin fee / account holder | $126 | $210-40.3% | $5,377-97.7% | $145-13.4% |