Filed December 7, 2021
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 12 · EIN 84-1477138 | Participant communication; Recordkeep... | $21,813 |
NEWPORT GROUP, INC.2+ years Filed as: MATRIX FINANCIAL SOLUTIONS, INC. Service code 18 · EIN 20-1591048 | Float revenue; Trustee (directed); Cu... | $6,444 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $24,884 | $36,916-32.6% | $156,549-84.1% | $57,658-56.8% |
| Participation rate | 48.6% | 63.4%-14.9pp | 84.0%-35.5pp | 70.2%-21.7pp |
| Annual return | 6.30% | 12.38%-6.1pp | 32.23%-25.9pp | 5.13%+1.2pp |
| Employer contribution / active EE | $408 | $1,571-74.0% | $5,501-92.6% | $1,974-79.3% |
| Participant deferral / active EE | $2,118 | $1,926+10.0% | $4,871-56.5% | $3,061-30.8% |
| Admin fee / account holder | $81 | $82-2.4% | $13,027-99.4% | $95-14.8% |