Filed September 4, 2009 (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 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 |
|---|---|---|
LUBBOCK NATIONAL BANK1 year Service code 21 4006 82ND STREET · LUBBOCK, TN 79423 | Bank Trustee | $43,830 |
Filed as: BENEFIT PLANS ADMIN SERVICES Service code 15 · EIN 16-1503696 | Recordkeeping | $28,923 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $71,392 | $100,801-29.2% | $149,696-52.3% | $73,409-2.7% |
| Participation rate | 56.3% | 77.7%-21.4pp | 82.5%-26.2pp | 72.2%-15.9pp |
| Annual return | 20.57% | 265.34%-244.8pp | 276.60%-256.0pp | 59.29%-38.7pp |
| Employer contribution / active EE | $1,804 | $3,312-45.5% | $4,644-61.2% | $2,234-19.2% |
| Participant deferral / active EE | $3,042 | $6,404-52.5% | $6,842-55.5% | $3,805-20.1% |
| Admin fee / account holder | $311 | $181+72.0% | $9,309-96.7% | $158+96.9% |