Filed June 26, 2024
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 |
|---|---|---|
CHARLES SCHWAB & CO., INC.1+ years Filed as: SHAREBUILDER Service code 27 83 SOUTH KING STREET, SUITE 700 · SEATTLE, WA 98104 | Advisory (Plan) | $11,687 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $24,563 | $55,182-55.5% | $73,307-66.5% | $55,191-55.5% |
| Participation rate | 43.1% | 73.9%-30.9pp | 74.9%-31.8pp | 69.2%-26.1pp |
| Annual return | 30.63% | 8.55%+22.1pp | 5.67%+25.0pp | 10.78%+19.8pp |
| Employer contribution / active EE | $0 | $1,935-100.0% | $3,237-100.0% | $1,899-100.0% |
| Participant deferral / active EE | $4,326 | $4,641-6.8% | $4,991-13.3% | $3,046+42.0% |
| Admin fee / account holder | $91 | $68+33.3% | $5,637-98.4% | $91+0.6% |