Filed February 25, 2021
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 |
|---|---|---|
KOVACK SECURITIES INC3 years Filed as: KOVACK ADVISORS, INC. Service code 16 6451 NORTH FEDERAL HWY. · FT. LAUDERDALE, FL 33308 | Consulting | $11,554 |
Service code 15 · EIN 16-1503696 | Recordkeeping | $9,260 |
BPAS3 years Filed as: BPAS TRUST COMPANY OF PUERTO RICO Service code 21 · EIN 66-0795542 | Bank Trustee | $2,889 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $9,383 | $63,745-85.3% | $98,442-90.5% | $79,386-88.2% |
| Participation rate | 92.0% | 69.9%+22.1pp | 73.3%+18.7pp | 70.7%+21.3pp |
| Annual return | 33.20% | 625.80%-592.6pp | 1492.73%-1459.5pp | 116.85%-83.6pp |
| Employer contribution / active EE | $607 | $2,557-76.2% | $2,960-79.5% | $2,427-75.0% |
| Participant deferral / active EE | $1,146 | $3,303-65.3% | $4,276-73.2% | $4,046-71.7% |
| Admin fee / account holder | $100 | $516-80.6% | $5,949-98.3% | $626-84.0% |