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 BANK5 years Service code 21 4006 82ND STREET · LUBBOCK, TN 79423 | Bank Trustee | $103,257 |
Filed as: BENEFIT PLANS ADMIN SERVICES Service code 15 · EIN 16-1503696 | Recordkeeping | $56,811 |
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.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $85,210 | $106,028-19.6% | $146,958-42.0% | $77,643+9.7% |
| Participation rate | 48.8% | 78.4%-29.6pp | 82.2%-33.4pp | 70.6%-21.8pp |
| Annual return | 15.47% | 56.73%-41.3pp | 418.34%-402.9pp | 31.24%-15.8pp |
| Employer contribution / active EE | $1,587 | $4,063-60.9% | $4,933-67.8% | $2,726-41.8% |
| Participant deferral / active EE | $2,744 | $7,990-65.7% | $8,070-66.0% | $4,647-41.0% |
| Admin fee / account holder | $630 | $337+86.7% | $12,998-95.2% | $430+46.4% |