Filed July 19, 2019
Total covered: 13 employees
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 |
|---|---|---|
Service code 15 · EIN 71-0294708 | Recordkeeping | $48,091 |
VBA BENEFITS CORPORATION3 years Service code 99 · EIN 54-1741662 | Other Fees | $25,831 |
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $61,993 | $102,553-39.6% | $151,611-59.1% | $66,914-7.4% |
| Participation rate | 95.9% | 85.5%+10.4pp | 87.5%+8.4pp | 69.8%+26.1pp |
| Annual return | -15.47% | -10.82%-4.7pp | 3.33%-18.8pp | 1.58%-17.1pp |
| Employer contribution / active EE | $2,025 | $4,180-51.6% | $6,166-67.2% | $2,544-20.4% |
| Participant deferral / active EE | $3,655 | $6,641-45.0% | $8,363-56.3% | $4,237-13.7% |
| Admin fee / account holder | $443 | $630-29.7% | $11,616-96.2% | $593-25.4% |