Filed July 20, 2016 (most recent of 3 filings on file)
Total covered: 6 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 6-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: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $56,665 |
EDWARD JONES3+ years Service code 27 · EIN 43-0345811 | Advisory (Plan) | $24,161 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907 | Recordkeeping Fees | $13,560 |
NOVA 401(K) ASSOCIATES3+ years Service code 13 · EIN 20-1181458 | Contract Administrator | $1,050 |
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.)
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 | $32,319 | $46,292-30.2% | $143,757-77.5% | $64,808-50.1% |
| Participation rate | 49.0% | 64.2%-15.3pp | 80.3%-31.3pp | 71.5%-22.5pp |
| Annual return | -17.23% | -10.05%-7.2pp | -0.04%-17.2pp | 32.82%-50.0pp |
| Employer contribution / active EE | $1,358 | $1,910-28.9% | $4,951-72.6% | $2,506-45.8% |
| Participant deferral / active EE | $2,249 | $2,646-15.0% | $5,637-60.1% | $4,310-47.8% |
| Admin fee / account holder | $356 | $154+131.8% | $14,673-97.6% | $188+89.8% |