Filed July 6, 2015 (most recent of 4 filings on file)
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 |
|---|---|---|
SEVEN SIMPLE MACHINES6+ years Service code 15 · EIN 20-4028622 | Recordkeeping | $658,466 |
STRATEGIC ADVISORS, INC.3 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $603,258 |
MILLIMAN, INC.1 year Filed as: MILLIMAN INC. Service code 16 · EIN 91-0675641 | Consulting | $183,534 |
MERCER1 year Filed as: MERCER (US) INC. Service code 16 · EIN 13-2834414 | Consulting | $175,714 |
KPMG LLP6+ years Service code 10 · EIN 13-5565207 | Accounting | $46,500 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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.)
Plan reported corrective distributions (failed ADP/ACP testing).
Assets per participant exceed $250,000 - top-decile high-value plan.
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 | $711,835 | $66,513+970.2% | $178,490+298.8% | $106,222+570.1% |
| Participation rate | 0.0% | 73.8%-73.8pp | 81.9%-81.9pp | 70.8%-70.8pp |
| Annual return | 19.76% | 21.81%-2.1pp | 151.07%-131.3pp | 21.69%-1.9pp |
| Employer contribution / active EE | $357 | $1,776-79.9% | $5,011-92.9% | $2,723-86.9% |
| Participant deferral / active EE | $1,464 | $3,679-60.2% | $5,202-71.8% | $4,600-68.2% |
| Admin fee / account holder | $457 | $53+753.9% | $13,984-96.7% | $78+482.5% |