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 |
|---|---|---|
ASPIRE FINANCIAL SERVICES6+ years Service code 64 · EIN 27-1063375 | Recordkeeping Fees | $16,157 |
Service code 13 · EIN 36-3036100 | Contract Administrator | $2,338 |
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.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $45,145 | $54,573-17.3% | $90,951-50.4% | $73,488-38.6% |
| Participation rate | 34.5% | 61.2%-26.7pp | 69.0%-34.5pp | 70.7%-36.2pp |
| Annual return | 24.89% | 16.69%+8.2pp | 134.60%-109.7pp | 28.51%-3.6pp |
| Employer contribution / active EE | $514 | $991-48.2% | $2,122-75.8% | $2,270-77.4% |
| Participant deferral / active EE | $1,397 | $2,517-44.5% | $3,373-58.6% | $3,740-62.6% |
| Admin fee / account holder | $439 | $521-15.7% | $5,959-92.6% | $513-14.3% |