Filed September 9, 2022
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 |
|---|---|---|
AMERITAS LIFE INSURANCE CORP2 years Service code 15 · EIN 47-0098400 | Recordkeeping | $1,097 |
Participant contribution per participant 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 | $34,118 | $77,660-56.1% | $109,143-68.7% | $79,386-57.0% |
| Participation rate | 86.8% | 67.8%+19.0pp | 75.9%+10.9pp | 70.7%+16.1pp |
| Annual return | 14.19% | 23.44%-9.3pp | 25.75%-11.6pp | 116.85%-102.7pp |
| Employer contribution / active EE | $3,030 | $2,797+8.3% | $3,722-18.6% | $2,427+24.8% |
| Participant deferral / active EE | $1,366 | $3,518-61.2% | $4,653-70.7% | $4,046-66.2% |
| Admin fee / account holder | $19 | $732-97.4% | $6,752-99.7% | $626-96.9% |