Filed February 25, 2019 (most recent of 4 filings on file)
Total covered: 6 employees
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 |
|---|---|---|
NEWPORT GROUP, INC.1+ years Service code 13 | Contract Administrator | $13,227 |
Service code 26 620 COOLIDGE DRIVE, STE. 180 · FOLSOM, CA 95630 | Advisory (Participants) | $12,146 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $21,564 | $50,498-57.3% | $75,781-71.5% | $55,191-60.9% |
| Participation rate | 44.1% | 69.4%-25.3pp | 75.8%-31.7pp | 69.2%-25.1pp |
| Annual return | -1.50% | 1.80%-3.3pp | 9.68%-11.2pp | 10.78%-12.3pp |
| Employer contribution / active EE | $572 | $2,291-75.0% | $3,323-82.8% | $1,899-69.9% |
| Participant deferral / active EE | $615 | $2,589-76.2% | $3,651-83.2% | $3,046-79.8% |
| Admin fee / account holder | $152 | $123+23.5% | $5,299-97.1% | $91+67.4% |