Filed January 19, 2021
Total covered: 18 employees
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 |
|---|---|---|
Filed as: PENSIONMARK FINANCIAL GROUP, LLC Service code 15 · EIN 61-1758632 | Recordkeeping | $9,097 |
ADP BROKER-DEALER4+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $1,100 |
ADP BROKER-DEALER4+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $20,793 | $48,576-57.2% | $169,463-87.7% | $56,287-63.1% |
| Participation rate | 37.6% | 65.8%-28.3pp | 77.8%-40.2pp | 69.9%-32.3pp |
| Annual return | -7.06% | -2.51%-4.5pp | 1.83%-8.9pp | -9.96%+2.9pp |
| Employer contribution / active EE | $545 | $1,559-65.0% | $4,159-86.9% | $2,111-74.2% |
| Participant deferral / active EE | $959 | $3,275-70.7% | $5,277-81.8% | $3,350-71.4% |
| Admin fee / account holder | $80 | $435-81.5% | $9,109-99.1% | $521-84.6% |