Filed June 29, 2010
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 |
|---|---|---|
BUSEY WEALTH MANAGEMENT5 years Filed as: BUSEY BANK Service code 24 · EIN 37-0613731 | Discretionary Trustee | $248,884 |
Service code 15 · EIN 16-1450952 | Recordkeeping | $89,278 |
ASCENSUS LLC3 years Filed as: FUTUREPLAN BY ASCENSUS Service code 12 · EIN 36-3036100 | Direct payment from the plan; Plan Ad... | $33,644 |
Service code 59 · EIN 94-1737782 | Shareholder Servicing | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $70,269 | $47,126+49.1% | $149,673-53.1% | $74,419-5.6% |
| Participation rate | 63.7% | 63.4%+0.3pp | 78.8%-15.1pp | 70.7%-7.0pp |
| Annual return | 17.54% | 22.75%-5.2pp | 134.42%-116.9pp | 34.38%-16.8pp |
| Employer contribution / active EE | $1,744 | $1,905-8.5% | $4,818-63.8% | $2,637-33.9% |
| Participant deferral / active EE | $3,486 | $2,728+27.8% | $5,680-38.6% | $4,528-23.0% |
| Admin fee / account holder | $510 | $343+48.8% | $13,210-96.1% | $348+46.6% |