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 MANAGEMENT7 years Filed as: BUSEY BANK Service code 24 · EIN 37-0613731 | Discretionary Trustee | $316,192 |
Service code 15 · EIN 16-1450952 | Recordkeeping | $143,569 |
CHARLES SCHWAB & CO., INC.6 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259 | Securities Custodian | $8,752 |
CHARLES SCHWAB & CO., INC.3 years 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.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $88,060 | $57,610+52.9% | $154,803-43.1% | $102,872-14.4% |
| Participation rate | 57.8% | 59.5%-1.6pp | 78.1%-20.2pp | 73.0%-15.2pp |
| Annual return | 17.78% | 30.49%-12.7pp | 58.88%-41.1pp | 19.06%-1.3pp |
| Employer contribution / active EE | $1,689 | $1,883-10.3% | $4,305-60.8% | $3,526-52.1% |
| Participant deferral / active EE | $3,370 | $2,914+15.6% | $5,540-39.2% | $5,535-39.1% |
| Admin fee / account holder | $573 | $368+55.6% | $14,329-96.0% | $292+95.9% |