Filed January 5, 2024 (most recent of 3 filings on file)
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 |
|---|---|---|
JOHNSON BANK10+ years Service code 21 · EIN 39-1141446 | Bank Trustee | $40,175 |
JOHNSON WEALTH INC1 year Service code 27 555 MAIN ST STE 460 · RACINE, WI 53403 | Advisory (Plan) | $1,374 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $500 |
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.)
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $79,709 | $66,457+19.9% | $81,382-2.1% | $77,643+2.7% |
| Participation rate | 34.4% | 68.7%-34.3pp | 69.5%-35.1pp | 70.6%-36.2pp |
| Annual return | 11.13% | 15.93%-4.8pp | 24.73%-13.6pp | 31.24%-20.1pp |
| Employer contribution / active EE | $1,159 | $2,159-46.3% | $2,463-52.9% | $2,726-57.5% |
| Participant deferral / active EE | $1,959 | $3,679-46.8% | $3,883-49.5% | $4,647-57.8% |
| Admin fee / account holder | $369 | $583-36.7% | $5,768-93.6% | $430-14.3% |