Filed May 29, 2020
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 · EIN 04-2647786 | Directed Trustee | $166,972 |
SAGEVIEW ADVISORY GROUP, LLC3+ years Filed as: MJM401K Service code 16 · EIN 86-0882983 | Consulting | $44,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $21,734 | $37,026-41.3% | $78,778-72.4% | $177,276-87.7% |
| Participation rate | 38.7% | 54.2%-15.5pp | 69.2%-30.5pp | 74.8%-36.1pp |
| Annual return | 21.80% | 16.20%+5.6pp | 35.62%-13.8pp | 21.25%+0.5pp |
| Employer contribution / active EE | $428 | $730-41.4% | $1,986-78.5% | $2,479-82.7% |
| Participant deferral / active EE | $1,609 | $1,412+13.9% | $2,958-45.6% | $3,881-58.5% |
| Admin fee / account holder | $67 | $77-12.8% | $5,134-98.7% | $154-56.7% |