Filed October 22, 2020
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 |
|---|---|---|
USI CONSULTING GROUP1 year Filed as: USI ADVISORS, INC. Service code 26 95 GLASTONBURY BLVD. · GLASTONBURY, CT 06033 | Advisory (Participants) | $19,488 |
NEWPORT GROUP, INC.7+ years Service code 15 · EIN 27-2037969 | Recordkeeping | $15,221 |
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.)
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 | $49,380 | $37,393+32.1% | $77,024-35.9% | $66,914-26.2% |
| Participation rate | 26.6% | 52.9%-26.2pp | 67.9%-41.3pp | 69.8%-43.2pp |
| Annual return | -15.56% | -3.29%-12.3pp | 42.32%-57.9pp | 1.58%-17.1pp |
| Employer contribution / active EE | $742 | $1,531-51.6% | $2,812-73.6% | $2,544-70.8% |
| Participant deferral / active EE | $1,432 | $2,617-45.3% | $4,426-67.6% | $4,237-66.2% |
| Admin fee / account holder | $347 | $567-38.8% | $5,425-93.6% | $593-41.5% |