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 |
|---|---|---|
Service code 25 24 E COTA ST STE 200 · SANTA BARBARA, CA 93101 | Directed Trustee | $21,560 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $12,093 |
Filed as: COTA STREET INVESTMENT MANAGEMENT Service code 28 24 E. COTA STREET STE 200 · SANTA BARBARA, CA 93101 | Investment Management | $8,433 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,226 | $56,638-43.1% | $169,368-81.0% | $74,419-56.7% |
| Participation rate | 36.5% | 67.5%-31.0pp | 77.1%-40.6pp | 70.7%-34.2pp |
| Annual return | 16.81% | 24.75%-7.9pp | 405.60%-388.8pp | 34.38%-17.6pp |
| Employer contribution / active EE | $754 | $2,027-62.8% | $4,013-81.2% | $2,637-71.4% |
| Participant deferral / active EE | $1,362 | $4,223-67.7% | $6,221-78.1% | $4,528-69.9% |
| Admin fee / account holder | $275 | $307-10.3% | $9,003-96.9% | $348-20.9% |