Filed December 30, 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 |
|---|---|---|
MERRILL LYNCH PIERCE FENNER & SMITH11+ years Service code 15 · EIN 13-5674085 | Recordkeeping | $83,155 |
ADP BROKER-DEALER6 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $36,819 |
ADP BROKER-DEALER11+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $185,454 | $81,625+127.2% | $167,512+10.7% | $74,304+149.6% |
| Participation rate | 98.1% | 60.0%+38.1pp | 77.1%+21.1pp | 60.3%+37.8pp |
| Annual return | 13.61% | 26.09%-12.5pp | 1615.79%-1602.2pp | 29.43%-15.8pp |
| Employer contribution / active EE | $2,578 | $2,010+28.2% | $3,882-33.6% | $2,241+15.0% |
| Participant deferral / active EE | $8,753 | $4,115+112.7% | $6,405+36.7% | $3,767+132.4% |
| Admin fee / account holder | $813 | $3,474-76.6% | $9,769-91.7% | $2,969-72.6% |