Filed August 25, 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 5-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 13 · EIN 42-0127290 | Contract Administrator | $47,459 |
Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 | Other Services | $11,345 |
QUALIFIED PLANS, LLC1 year Filed as: QUALIFIED PLAN CONSULTANTS, LLC Service code 13 | Contract Administrator | $8,204 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
QUALIFIED PLANS, LLC1 year Filed as: QUALIFIED PLAN CONSULTANTS Service code 13 · EIN 20-0223513 | Contract Administrator | $0 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $18,439 | $55,441-66.7% | $76,002-75.7% | $77,671-76.3% |
| Participation rate | 69.0% | 63.6%+5.3pp | 69.1%-0.1pp | 70.6%-1.6pp |
| Annual return | 19.29% | 17.08%+2.2pp | 360.07%-340.8pp | 31.21%-11.9pp |
| Employer contribution / active EE | $2,010 | $1,789+12.3% | $2,688-25.2% | $2,726-26.3% |
| Participant deferral / active EE | $2,533 | $3,451-26.6% | $4,257-40.5% | $4,648-45.5% |
| Admin fee / account holder | $202 | $407-50.4% | $6,414-96.9% | $430-53.1% |