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 GROUP6 years Filed as: THE FINWAY GROUP LLC Service code 13 5625 MILLS CIVIC PKWY, SUITE 101 · WEST DES MOINES, IA 50266 | Contract Administrator | $23,176 |
Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $16,106 |
Filed as: NORTHWEST WEALTH MANAGEMENT LLC Service code 27 1607 W 18TH ST · SPENCER, IA 51301 | Advisory (Plan) | $13,266 |
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 | $38,240 | $47,126-18.9% | $149,673-74.5% | $74,419-48.6% |
| Participation rate | 31.8% | 63.4%-31.6pp | 78.8%-46.9pp | 70.7%-38.9pp |
| Annual return | 15.83% | 22.75%-6.9pp | 134.42%-118.6pp | 34.38%-18.5pp |
| Employer contribution / active EE | $292 | $1,905-84.7% | $4,818-93.9% | $2,637-88.9% |
| Participant deferral / active EE | $1,169 | $2,728-57.2% | $5,680-79.4% | $4,528-74.2% |
| Admin fee / account holder | $360 | $343+5.2% | $13,210-97.3% | $348+3.6% |