Filed May 6, 2010
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 |
|---|---|---|
NATIONWIDE4+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $151,838 |
Service code 49 4020 SOUTH 147TH STREET · OMAHA, NE 68137 | Other Services | $39,031 |
NATIONAL BENEFIT SERVICES, LLC4+ years Service code 15 NATIONAL BENEFIT SERVICES, LLC · WEST JORDAN, UT 840889311 | Recordkeeping | $21,399 |
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).
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 | $42,291 | $37,196+13.7% | $154,107-72.6% | $55,725-24.1% |
| Participation rate | 50.7% | 64.1%-13.4pp | 83.0%-32.4pp | 70.9%-20.2pp |
| Annual return | -6.08% | 1319.68%-1325.8pp | 735.12%-741.2pp | 244.93%-251.0pp |
| Employer contribution / active EE | $1,076 | $1,614-33.3% | $5,298-79.7% | $2,078-48.2% |
| Participant deferral / active EE | $2,676 | $2,068+29.4% | $5,081-47.3% | $3,356-20.3% |
| Admin fee / account holder | $345 | $102+239.2% | $13,411-97.4% | $115+199.2% |