Filed February 28, 2019
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 9-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 | $67,581 |
KORNERSTONE, INC.2 years Service code 27 · EIN 46-4657858 | Advisory (Plan) | $43,564 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $118,525 | $73,102+62.1% | $123,544-4.1% | $56,287+110.6% |
| Participation rate | 92.6% | 74.3%+18.2pp | 82.3%+10.3pp | 69.9%+22.7pp |
| Annual return | -5.44% | 3.01%-8.4pp | 119.20%-124.6pp | -9.96%+4.5pp |
| Employer contribution / active EE | $5,723 | $2,977+92.3% | $4,628+23.7% | $2,111+171.1% |
| Participant deferral / active EE | $8,405 | $5,423+55.0% | $6,426+30.8% | $3,350+150.9% |
| Admin fee / account holder | $460 | $554-17.0% | $9,284-95.0% | $521-11.7% |