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 BANK3 years Service code 21 4006 82ND STREET · LUBBOCK, TN 79423 | Bank Trustee | $83,842 |
Filed as: BENEFIT PLANS ADMIN SERVICES Service code 15 · EIN 16-1503696 | Recordkeeping | $47,102 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $61,927 | $82,202-24.7% | $125,339-50.6% | $64,808-4.4% |
| Participation rate | 53.6% | 77.9%-24.3pp | 82.4%-28.8pp | 71.5%-17.9pp |
| Annual return | -19.79% | 3.48%-23.3pp | 572.05%-591.8pp | 32.82%-52.6pp |
| Employer contribution / active EE | $1,711 | $3,615-52.7% | $4,814-64.5% | $2,506-31.7% |
| Participant deferral / active EE | $3,176 | $7,175-55.7% | $7,446-57.4% | $4,310-26.3% |
| Admin fee / account holder | $489 | $163+199.3% | $10,010-95.1% | $188+160.2% |