Filed September 30, 2022
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 |
|---|---|---|
THE BANK OF NEW YORK MELLON2 years Filed as: BANK OF AMERICA Service code 28 · EIN 94-1687665 | Investment Management | $59,013 |
BENEFIT TRUST COMPANY4 years Service code 21 · EIN 43-1971558 | Bank Trustee | $10,354 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $76,852 | $78,419-2.0% | $133,956-42.6% | $73,409+4.7% |
| Participation rate | 89.8% | 78.6%+11.2pp | 79.8%+10.0pp | 72.2%+17.6pp |
| Annual return | 15.13% | 33.35%-18.2pp | 45.09%-30.0pp | 59.29%-44.2pp |
| Employer contribution / active EE | $3,427 | $2,044+67.7% | $3,919-12.5% | $2,234+53.4% |
| Participant deferral / active EE | $6,302 | $3,925+60.5% | $5,048+24.8% | $3,805+65.6% |
| Admin fee / account holder | $413 | $161+155.9% | $8,927-95.4% | $158+161.5% |