Filed April 26, 2016
Total covered: 4 employees
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 |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $21,822 |
Filed as: MERRILL LYNCH Service code 27 · EIN 13-5674085 | Advisory (Plan) | $8,113 |
Service code 13 · EIN 84-0467907 | Contract Administrator | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $86,234 | $62,586+37.8% | $76,768+12.3% | $64,186+34.4% |
| Participation rate | 88.0% | 72.8%+15.2pp | 77.0%+11.1pp | 69.6%+18.5pp |
| Annual return | -10.66% | -1.95%-8.7pp | 2.43%-13.1pp | 7.63%-18.3pp |
| Employer contribution / active EE | $6,631 | $1,832+261.9% | $2,485+166.8% | $2,381+178.5% |
| Participant deferral / active EE | $3,021 | $3,145-3.9% | $3,852-21.6% | $3,470-12.9% |
| Admin fee / account holder | $536 | $4,667-88.5% | $6,675-92.0% | $4,888-89.0% |