Filed April 15, 2016
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 |
|---|---|---|
WEALTHPLAN ADVISORS LLC1+ years Service code 27 | Advisory (Plan) | $9,675 |
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $9,615 |
WEALTHPLAN ADVISORS LLC1+ years Filed as: WEALTHPLAN ADVISORS, LLC Service code 27 · EIN 47-2622892 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $16,175 | $43,423-62.7% | $78,689-79.4% | $55,167-70.7% |
| Participation rate | 53.6% | 68.0%-14.5pp | 73.6%-20.0pp | 69.0%-15.4pp |
| Annual return | 10.67% | 11.53%-0.9pp | 62.18%-51.5pp | 169.23%-158.6pp |
| Employer contribution / active EE | $563 | $1,997-71.8% | $2,851-80.2% | $1,963-71.3% |
| Participant deferral / active EE | $1,440 | $2,509-42.6% | $3,517-59.0% | $3,054-52.8% |
| Admin fee / account holder | $101 | $416-75.7% | $4,510-97.8% | $504-79.9% |