Filed January 21, 2022 (most recent of 2 filings on file)
Total covered: 8 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 4-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 |
|---|---|---|
JOHNSON BANK3+ years Service code 21 · EIN 39-1141446 | Bank Trustee | $43,019 |
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 | $22,796 | $61,272-62.8% | $149,673-84.8% | $71,457-68.1% |
| Participation rate | 39.3% | 62.5%-23.2pp | 78.8%-39.5pp | 67.9%-28.7pp |
| Annual return | 20.21% | 35.85%-15.6pp | 134.42%-114.2pp | 28.85%-8.6pp |
| Employer contribution / active EE | $0 | $2,378-100.0% | $4,818-100.0% | $2,588-100.0% |
| Participant deferral / active EE | $1,270 | $2,917-56.5% | $5,680-77.6% | $4,289-70.4% |
| Admin fee / account holder | $368 | $1,261-70.8% | $13,210-97.2% | $1,587-76.8% |