Filed March 5, 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.
| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION1+ years Filed as: LINCOLN NATIONAL LIFE INSURANCE CO Service code 13 · EIN 35-1140070 | Contract Administrator | $20,286 |
STADION MONEY MANAGEMENT1+ years Service code 26 · EIN 58-2099805 | Advisory (Participants) | $15,869 |
PENSERV PLAN SERVICES, INC.1+ years Filed as: PENSERVCO, INC. Service code 15 · EIN 59-3634521 600 BYPASS DRIVE · CLEARWATER, FL 33764 | Recordkeeping | $2,175 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $18,026 | $71,666-74.8% | $117,854-84.7% | $69,631-74.1% |
| Participation rate | 29.1% | 77.5%-48.4pp | 79.7%-50.5pp | 70.7%-41.6pp |
| Annual return | 16.48% | 18.86%-2.4pp | 335.08%-318.6pp | 27571.02%-27554.5pp |
| Employer contribution / active EE | $0 | $1,889-100.0% | $3,786-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $618 | $3,340-81.5% | $4,482-86.2% | $3,224-80.8% |
| Admin fee / account holder | $187 | $120+55.4% | $8,020-97.7% | $110+69.3% |