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 INC5 years Filed as: KOVACK ADVISORS, INC. Service code 16 6451 NORTH FEDERAL HWY. · FT. LAUDERDALE, FL 33308 | Consulting | $12,636 |
Service code 15 · EIN 16-1503696 | Recordkeeping | $10,619 |
BPAS5 years Filed as: BPAS TRUST COMPANY OF PUERTO RICO Service code 19 · EIN 66-0795542 | Securities Custodian | $3,159 |
Annual investment return is in the bottom quintile of the peer cohort.
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).
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 | $6,801 | $52,208-87.0% | $86,612-92.1% | $74,419-90.9% |
| Participation rate | 95.0% | 66.3%+28.6pp | 71.7%+23.3pp | 70.7%+24.2pp |
| Annual return | 11.29% | 44.46%-33.2pp | 591.07%-579.8pp | 34.38%-23.1pp |
| Employer contribution / active EE | $586 | $2,282-74.3% | $3,022-80.6% | $2,637-77.8% |
| Participant deferral / active EE | $1,091 | $3,383-67.8% | $4,438-75.4% | $4,528-75.9% |
| Admin fee / account holder | $73 | $319-77.2% | $5,614-98.7% | $348-79.1% |