Filed July 4, 2010
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 |
|---|---|---|
THE FINWAY GROUP3 years Filed as: THE FINWAY GROUP LLC Service code 13 5625 MILLS CIVIC PKWY, SUITE 101 · WEST DES MOINES, IA 50266 | Contract Administrator | $27,198 |
Filed as: GREAT WEST LIFE & ANNUITY INS. Service code 64 8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $13,919 |
Filed as: NORTHWEST WEALTH MANAGEMENT LLC Service code 27 705 GRAND AVE. · SPENCER, IA 51301 | Advisory (Plan) | $12,413 |
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 declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $35,704 | $52,293-31.7% | $178,490-80.0% | $73,409-51.4% |
| Participation rate | 40.9% | 65.3%-24.5pp | 81.9%-41.0pp | 72.2%-31.3pp |
| Annual return | 14.36% | 34.75%-20.4pp | 151.07%-136.7pp | 59.29%-44.9pp |
| Employer contribution / active EE | $316 | $1,735-81.8% | $5,011-93.7% | $2,234-85.9% |
| Participant deferral / active EE | $1,000 | $2,332-57.1% | $5,202-80.8% | $3,805-73.7% |
| Admin fee / account holder | $316 | $127+148.0% | $13,984-97.7% | $158+100.0% |