Filed October 1, 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 |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $113,899 |
LTSP, INC.3 years Filed as: LTSP INC. Service code 70 4685 MACARTHUR COURT SUITE 300 · NEWPORT BEACH, CA 92660 | Consulting Fees | $13,000 |
Filed as: FAEGRE, DRINKER, BIDDELL & REATH LL Service code 11 · EIN 41-0244008 | Actuarial | $10,296 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $132,338 | $79,519+66.4% | $95,952+37.9% | $73,409+80.3% |
| Participation rate | 94.8% | 81.2%+13.6pp | 77.1%+17.7pp | 72.2%+22.6pp |
| Annual return | 22.86% | 19.20%+3.7pp | 91.61%-68.7pp | 59.29%-36.4pp |
| Employer contribution / active EE | $4,419 | $2,048+115.8% | $2,541+73.9% | $2,234+97.8% |
| Participant deferral / active EE | $9,660 | $4,138+133.4% | $4,167+131.8% | $3,805+153.9% |
| Admin fee / account holder | $322 | $184+74.5% | $6,795-95.3% | $158+103.7% |