Filed October 30, 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 |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399 | Recordkeeping | $1,022,523 |
Service code 27 · EIN 59-2937883 | Advisory (Plan) | $471,813 |
CORRIGAN KRAUSE9 years Service code 10 · EIN 37-1574855 | Accounting | $55,800 |
MCDONALD HOPKINS, LLC3 years Filed as: MCDONALD HOPKINS LLC Service code 29 · EIN 34-1059058 | Legal | $14,305 |
Service code 14 | Plan Administrator | $10,000 |
CHARLES SCHWAB & CO., INC.9 years Filed as: CHARLES SCHWAB & CO. INC. Service code 33 · EIN 94-1737782 | Securities brokerage; Securities brok... | $1,946 |
CHARLES SCHWAB & CO., INC.9 years Service code 33 | Securities brokerage; Securities brok... | $0 |
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).
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 | $42,339 | $128,056-66.9% | $146,958-71.2% | $106,382-60.2% |
| Participation rate | 48.6% | 67.2%-18.6pp | 82.2%-33.5pp | 69.9%-21.2pp |
| Annual return | 19.94% | 17.89%+2.1pp | 418.34%-398.4pp | 17.37%+2.6pp |
| Employer contribution / active EE | $1,160 | $3,384-65.7% | $4,933-76.5% | $3,364-65.5% |
| Participant deferral / active EE | $2,478 | $7,674-67.7% | $8,070-69.3% | $5,569-55.5% |
| Admin fee / account holder | $159 | $89+79.3% | $12,998-98.8% | $79+100.5% |