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.4+ years Filed as: SHAREBUILDER Service code 27 83 SOUTH KING STREET · SEATTLE, WA 98104 | Advisory (Plan) | $71,713 |
Service code 37 · EIN 04-2647786 | Loan Processing | $1,197 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $24,404 | $71,106-65.7% | $83,333-70.7% | $75,289-67.6% |
| Participation rate | 63.0% | 82.0%-19.0pp | 77.8%-14.7pp | 72.4%-9.4pp |
| Annual return | 10.60% | -0.56%+11.2pp | 10.63%0pp | -0.04%+10.6pp |
| Employer contribution / active EE | $0 | $2,436-100.0% | $3,379-100.0% | $2,405-100.0% |
| Participant deferral / active EE | $6,363 | $6,249+1.8% | $5,565+14.3% | $3,739+70.2% |
| Admin fee / account holder | $99 | $72+36.3% | $7,510-98.7% | $102-3.6% |