Filed June 5, 2019
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 7-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 |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $153,142 |
Filed as: CBIZ INVESTMENT ADVISORY SERVICES Service code 27 · EIN 81-3968784 | Advisory (Plan) | $73,425 |
Filed as: BOBER MARKEY FEDOROVICH Service code 10 · EIN 34-1523030 | Accounting | $26,000 |
STRATEGIC ADVISORS, INC.5+ years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $11,523 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported that benefits due were not provided when due.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,899 | $130,141-74.0% | $86,677-60.9% | $77,904-56.5% |
| Participation rate | 68.7% | 85.9%-17.3pp | 76.6%-7.9pp | 73.7%-5.0pp |
| Annual return | -13.51% | -12.75%-0.8pp | 35.91%-49.4pp | 12.21%-25.7pp |
| Employer contribution / active EE | $164 | $3,220-94.9% | $2,836-94.2% | $2,848-94.2% |
| Participant deferral / active EE | $3,171 | $5,757-44.9% | $4,656-31.9% | $4,806-34.0% |
| Admin fee / account holder | $211 | $132+60.5% | $7,493-97.2% | $133+59.6% |