Filed April 29, 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 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 |
|---|---|---|
FTB ADVISORS, INC.6+ years Service code 27 · EIN 62-1254528 | Advisory (Plan) | $43,559 |
ASCENSUS LLC3 years Service code 15 · EIN 11-3665754 | Recordkeeping | $20,769 |
WITHUMSMITH+BROWN, PC3 years Filed as: BROWN EDWARDS Service code 10 · EIN 54-0504608 | Accounting | $14,919 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported that benefits due were not provided when due.
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 | $48,893 | $85,135-42.6% | $98,907-50.6% | $73,409-33.4% |
| Participation rate | 62.8% | 81.1%-18.3pp | 76.0%-13.2pp | 72.2%-9.4pp |
| Annual return | 19.06% | 19.14%-0.1pp | 196.43%-177.4pp | 59.29%-40.2pp |
| Employer contribution / active EE | $1,676 | $2,721-38.4% | $2,689-37.7% | $2,234-25.0% |
| Participant deferral / active EE | $3,563 | $4,349-18.1% | $4,244-16.1% | $3,805-6.4% |
| Admin fee / account holder | $357 | $139+156.3% | $6,642-94.6% | $158+126.1% |