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 INC7 years Filed as: KOVACK ADVISORS, INC. Service code 16 6451 NORTH FEDERAL HWY. · FT. LAUDERDALE, FL 33308 | Consulting | $21,264 |
BENEFIT PLANS ADMIN SERVICES, INC.10+ years Service code 15 · EIN 16-1503696 | Recordkeeping | $17,931 |
BPAS7 years Filed as: BPAS TRUST COMPANY OF PUERTO RICO Service code 19 · EIN 66-0795542 | Securities Custodian | $5,316 |
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.
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 | $7,794 | $61,058-87.2% | $71,209-89.1% | $85,563-90.9% |
| Participation rate | 96.7% | 58.6%+38.2pp | 73.8%+23.0pp | 66.0%+30.8pp |
| Annual return | 10.18% | 100.41%-90.2pp | 282.51%-272.3pp | 31.51%-21.3pp |
| Employer contribution / active EE | $612 | $2,199-72.1% | $2,721-77.5% | $2,654-76.9% |
| Participant deferral / active EE | $1,030 | $3,173-67.5% | $4,175-75.3% | $4,375-76.5% |
| Admin fee / account holder | $88 | $855-89.6% | $5,349-98.3% | $834-89.4% |