Filed October 24, 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.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH Service code 26 · EIN 13-5674085 | Advisory (Participants) | $87,701 |
Service code 37 · EIN 04-2647786 | Loan Processing | $36,380 |
EISNERAMPER LLP1+ years Filed as: EISNER AMPER LLP Service code 10 · EIN 87-1363769 | Accounting | $13,420 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $111,575 | $106,028+5.2% | $146,958-24.1% | $77,643+43.7% |
| Participation rate | 84.9% | 78.4%+6.6pp | 82.2%+2.8pp | 70.6%+14.3pp |
| Annual return | 17.09% | 56.73%-39.6pp | 418.34%-401.3pp | 31.24%-14.2pp |
| Employer contribution / active EE | $0 | $4,063-100.0% | $4,933-100.0% | $2,726-100.0% |
| Participant deferral / active EE | $12,870 | $7,990+61.1% | $8,070+59.5% | $4,647+176.9% |
| Admin fee / account holder | $302 | $337-10.5% | $12,998-97.7% | $430-29.8% |