Filed May 24, 2016
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 |
|---|---|---|
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $14,866 |
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $8,326 |
WILSHIRE ASSOCIATES INCORPORATED1+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return 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 a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $14,558 | $50,498-71.2% | $75,781-80.8% | $55,191-73.6% |
| Participation rate | 17.1% | 69.4%-52.4pp | 75.8%-58.8pp | 69.2%-52.1pp |
| Annual return | -4.74% | 1.80%-6.5pp | 9.68%-14.4pp | 10.78%-15.5pp |
| Employer contribution / active EE | $301 | $2,291-86.9% | $3,323-91.0% | $1,899-84.2% |
| Participant deferral / active EE | $717 | $2,589-72.3% | $3,651-80.4% | $3,046-76.4% |
| Admin fee / account holder | $75 | $123-38.9% | $5,299-98.6% | $91-17.1% |