Filed November 9, 2023
Total covered: 18 employees
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 |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $31,870 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $131,981 | $104,697+26.1% | $96,544+36.7% | $80,160+64.6% |
| Participation rate | 69.7% | 86.4%-16.7pp | 76.0%-6.3pp | 72.9%-3.2pp |
| Annual return | 14.28% | 21.78%-7.5pp | 25.84%-11.6pp | 40.38%-26.1pp |
| Employer contribution / active EE | $6,396 | $3,536+80.9% | $2,965+115.7% | $2,978+114.8% |
| Participant deferral / active EE | $4,669 | $6,188-24.5% | $4,851-3.7% | $5,017-6.9% |
| Admin fee / account holder | $15 | $107-86.2% | $8,252-99.8% | $145-89.8% |