Filed November 2, 2018
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 13 · EIN 42-0127290 | Contract Administrator | $88,816 |
BENEFIT RESOURCES, INC.1 year Service code 13 · EIN 68-0198481 | Contract Administrator | $1,500 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $98,891 | $81,460+21.4% | $103,333-4.3% | $80,856+22.3% |
| Participation rate | 86.7% | 66.8%+19.9pp | 74.5%+12.2pp | 67.6%+19.1pp |
| Annual return | 10.26% | 25.55%-15.3pp | 24.88%-14.6pp | 35.59%-25.3pp |
| Employer contribution / active EE | $11,127 | $3,105+258.3% | $3,868+187.7% | $2,755+303.9% |
| Participant deferral / active EE | $2,106 | $3,869-45.6% | $5,057-58.4% | $4,296-51.0% |
| Admin fee / account holder | $998 | $6,566-84.8% | $8,355-88.0% | $6,918-85.6% |