Filed March 4, 2024 (most recent of 2 filings on file)
Total covered: 6 employees
See peer percentile detail with Solo.
Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
See the 10-year trajectory with Solo.
Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION3 years Service code 15 P.O. BOX 7877 · FORT WAYNE, IN 46802 | Recordkeeping | $15,745 |
Filed as: MERRILL LYNCH Service code 15 PO BOX 74008967 · CHICAGO, IL 60674 | Recordkeeping | $15,334 |
ASCENSUS LLC1 year Filed as: FUTUREPLAN BY ASCENSUS Service code 15 200 DRYDEN RD E · DRESHER, PA 19025 | Recordkeeping | $2,216 |
MATTHEWS BENEFIT GROUP, INC.2 years Filed as: MATTHEWS BENEFIT GROUP, INC Service code 15 701 94TH AVE N STE 200 · ST PETERSBURG, FL 33702 | Recordkeeping | $1,089 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,687 | $47,898-19.2% | $117,472-67.1% | $64,808-40.3% |
| Participation rate | 19.0% | 61.9%-42.9pp | 70.6%-51.6pp | 71.5%-52.5pp |
| Annual return | -7.86% | -15.54%+7.7pp | 29.74%-37.6pp | 32.82%-40.7pp |
| Employer contribution / active EE | $384 | $1,774-78.3% | $4,176-90.8% | $2,506-84.7% |
| Participant deferral / active EE | $1,008 | $3,151-68.0% | $4,070-75.2% | $4,310-76.6% |
| Admin fee / account holder | $425 | $132+222.5% | $5,645-92.5% | $188+126.3% |