Filed September 8, 2020
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 |
|---|---|---|
NFP RETIREMENT INC1 year Filed as: NFP RETIREMENT Service code 27 · EIN 33-0905143 | Advisory (Plan) | $47,819 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $42,350 |
BDO USA, LLP1 year Service code 10 · EIN 13-5381590 | Accounting | $12,000 |
NEWPORT GROUP, INC.6 years Filed as: NEWPORT TRUST COMPANY Service code 19 · EIN 42-1558009 | Securities Custodian | $0 |
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.
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 | $68,440 | $60,607+12.9% | $189,557-63.9% | $86,799-21.2% |
| Participation rate | 91.4% | 68.9%+22.5pp | 78.4%+13.0pp | 72.3%+19.1pp |
| Annual return | 10.11% | 65.18%-55.1pp | 64.17%-54.1pp | 97.91%-87.8pp |
| Employer contribution / active EE | $856 | $1,626-47.3% | $4,412-80.6% | $2,405-64.4% |
| Participant deferral / active EE | $2,932 | $3,895-24.7% | $6,174-52.5% | $4,131-29.0% |
| Admin fee / account holder | $330 | $159+107.6% | $9,807-96.6% | $170+94.4% |