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 |
|---|---|---|
Service code 15 · EIN 16-1503696 | Recordkeeping | $16,752 |
KOVACK SECURITIES INC6 years Filed as: KOVACK ADVISORS, INC. Service code 16 6451 NORTH FEDERAL HWY. · FT. LAUDERDALE, FL 33308 | Consulting | $16,625 |
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 | $7,814 | $65,908-88.1% | $81,812-90.4% | $77,643-89.9% |
| Participation rate | 94.5% | 65.8%+28.7pp | 72.3%+22.1pp | 70.6%+23.9pp |
| Annual return | 14.59% | 26.64%-12.1pp | 773.79%-759.2pp | 31.24%-16.6pp |
| Employer contribution / active EE | $655 | $2,370-72.4% | $2,912-77.5% | $2,726-76.0% |
| Participant deferral / active EE | $1,095 | $3,505-68.8% | $4,319-74.7% | $4,647-76.4% |
| Admin fee / account holder | $90 | $526-82.8% | $7,386-98.8% | $430-79.0% |