Filed June 27, 2005
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 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: PHILLIPS CAPITAL Service code 17 1610 WYNKOOP STREET · DENVER, CO 80202 | Pension Consulting | $10,721 |
Service code 10 · EIN 84-0606484 | Accounting | $9,000 |
Service code 12 · EIN 84-1477138 | Participant communication; Sub-transf... | $6,281 |
NEWPORT GROUP, INC.5+ years Filed as: MATRIX FINANCIAL SOLUTIONS, INC. Service code 18 · EIN 20-1591048 | Direct payment from the plan; Custodi... | $2,284 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $54,691 | $86,332-36.6% | $125,175-56.3% | $65,185-16.1% |
| Participation rate | 37.5% | 75.3%-37.8pp | 79.8%-42.3pp | 70.2%-32.7pp |
| Annual return | 21.01% | 27.43%-6.4pp | 43.79%-22.8pp | 29.38%-8.4pp |
| Employer contribution / active EE | $0 | $2,040-100.0% | $3,865-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $2,434 | $3,537-31.2% | $4,937-50.7% | $3,514-30.7% |
| Admin fee / account holder | $318 | $609-47.8% | $9,702-96.7% | $847-62.5% |