Filed September 17, 2020
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 | $13,100 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $8,913 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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).
Plan reported corrective distributions (failed ADP/ACP testing).
The opinion is qualified. A specific issue limited the scope or accuracy of the audit.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,198 | $60,488-22.0% | $109,895-57.1% | $79,386-40.5% |
| Participation rate | 57.0% | 67.0%-10.1pp | 74.2%-17.3pp | 70.7%-13.7pp |
| Annual return | 14.48% | 189.57%-175.1pp | 29.45%-15.0pp | 116.85%-102.4pp |
| Employer contribution / active EE | $437 | $1,649-73.5% | $2,842-84.6% | $2,427-82.0% |
| Participant deferral / active EE | $3,018 | $3,220-6.3% | $4,048-25.4% | $4,046-25.4% |
| Admin fee / account holder | $225 | $605-62.8% | $6,066-96.3% | $626-64.1% |