Filed January 30, 2023 (most recent of 7 filings on file)
Total covered: 121 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 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 |
|---|---|---|
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $85,982 |
Filed as: CBIZ INVESTMENT ADVISORY SERVICS LL Service code 70 · EIN 81-3968784 | Consulting Fees | $7,562 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,809 | $76,173-85.8% | $81,382-86.7% | $199,593-94.6% |
| Participation rate | 47.7% | 76.3%-28.5pp | 69.5%-21.8pp | 72.0%-24.3pp |
| Annual return | 12.39% | 15.59%-3.2pp | 24.73%-12.3pp | 34.25%-21.9pp |
| Employer contribution / active EE | $616 | $2,792-77.9% | $2,463-75.0% | $3,034-79.7% |
| Participant deferral / active EE | $801 | $4,201-80.9% | $3,883-79.4% | $5,087-84.2% |
| Admin fee / account holder | $0 | $146-100.0% | $5,768-100.0% | $269-100.0% |