Filed March 4, 2024 (most recent of 2 filings on file)
Total covered: 6 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 P.O BOX 7877 · FORT WAYNE, IN 46802 | Recordkeeping | $14,519 |
MATTHEWS BENEFIT GROUP, INC.1 year Service code 15 701 94TH AVE N STE 200 · ST. PETERSBURG, FL 33702 | Recordkeeping | $3,395 |
Filed as: MERRILL LYNCH Service code 15 P.O. BOX 74008967 · CHICAGO, IL 60674 | Recordkeeping | $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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $41,351 | $54,121-23.6% | $134,143-69.2% | $73,409-43.7% |
| Participation rate | 13.9% | 64.4%-50.4pp | 72.2%-58.2pp | 72.2%-58.2pp |
| Annual return | 5.03% | -312.52%+317.6pp | 36.33%-31.3pp | 59.29%-54.3pp |
| Employer contribution / active EE | $162 | $1,402-88.4% | $3,704-95.6% | $2,234-92.8% |
| Participant deferral / active EE | $701 | $2,844-75.4% | $3,499-80.0% | $3,805-81.6% |
| Admin fee / account holder | $457 | $132+245.6% | $6,684-93.2% | $158+189.7% |