Filed December 27, 2011 (most recent of 2 filings on file)
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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 Service code 26 · EIN 13-5674085 150 N COLLEGE STREET · CHARLOTTE, NC 28255 | Advisory (Participants) | $33,043 |
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 320 PARK AVE · BUFFALO, NY 142010600 | Recordkeeping | $302 |
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.)
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 | $54,301 | $46,292+17.3% | $143,757-62.2% | $64,808-16.2% |
| Participation rate | 25.5% | 64.2%-38.7pp | 80.3%-54.8pp | 71.5%-46.0pp |
| Annual return | -15.59% | -10.05%-5.5pp | -0.04%-15.6pp | 32.82%-48.4pp |
| Employer contribution / active EE | $695 | $1,910-63.6% | $4,951-86.0% | $2,506-72.3% |
| Participant deferral / active EE | $1,616 | $2,646-38.9% | $5,637-71.3% | $4,310-62.5% |
| Admin fee / account holder | $313 | $154+103.3% | $14,673-97.9% | $188+66.5% |