Filed December 14, 2012
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 |
|---|---|---|
VISION ESOP VALUATION1 year Filed as: VISION ESOP VALUATION LLC Service code 34 2910 LUCERNE DRIVE SE · GRAND RAPIDS, MI 49546 | Valuation (appraisals, etc.); Direct ... | $10,000 |
SES ADVISORS, INC.1 year Filed as: SES ESOP PLAN SERVICES Service code 14 402 WALL ST, SUITE 42 · VALPARAISO, IN 46383 | Plan Administrator | $9,618 |
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,549 | $51,620-54.4% | $90,281-73.9% | $65,185-63.9% |
| Participation rate | 100.0% | 68.6%+31.4pp | 73.3%+26.7pp | 70.2%+29.8pp |
| Annual return | 8.36% | 24.94%-16.6pp | 78.10%-69.7pp | 29.38%-21.0pp |
| Employer contribution / active EE | $0 | $2,235-100.0% | $2,854-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $0 | $2,871-100.0% | $3,885-100.0% | $3,514-100.0% |
| Admin fee / account holder | $210 | $384-45.4% | $5,351-96.1% | $847-75.3% |