Filed August 28, 2013 (most recent of 2 filings on file)
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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.5 years Service code 15 · EIN 27-2037969 | Recordkeeping | $87,020 |
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $18,462 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $8,806 | $48,406-81.8% | $104,607-91.6% | $90,288-90.2% |
| Participation rate | 26.5% | 64.3%-37.8pp | 74.1%-47.6pp | 73.4%-46.8pp |
| Annual return | 13.96% | 18.72%-4.8pp | 340.46%-326.5pp | 53.97%-40.0pp |
| Employer contribution / active EE | $158 | $1,115-85.9% | $2,681-94.1% | $2,524-93.8% |
| Participant deferral / active EE | $500 | $2,436-79.5% | $3,740-86.6% | $4,232-88.2% |
| Admin fee / account holder | $85 | $76+12.4% | $6,473-98.7% | $114-25.2% |