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 GROUP5 years Filed as: THE FINWAY GROUP LLC Service code 13 5625 MILLS CIVIC PKWY, SUITE 101 · WEST DES MOINES, IA 50266 | Contract Administrator | $28,066 |
Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $17,077 |
Filed as: NORTHWEST WEALTH MANAGEMENT LLC Service code 27 705 GRAND AVE. · SPENCER, IA 51301 | Advisory (Plan) | $14,555 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $38,065 | $46,292-17.8% | $143,757-73.5% | $64,808-41.3% |
| Participation rate | 35.0% | 64.2%-29.2pp | 80.3%-45.3pp | 71.5%-36.4pp |
| Annual return | -16.46% | -10.05%-6.4pp | -0.04%-16.4pp | 32.82%-49.3pp |
| Employer contribution / active EE | $311 | $1,910-83.7% | $4,951-93.7% | $2,506-87.6% |
| Participant deferral / active EE | $1,156 | $2,646-56.3% | $5,637-79.5% | $4,310-73.2% |
| Admin fee / account holder | $422 | $154+174.2% | $14,673-97.1% | $188+124.5% |