Filed June 29, 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 |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $308,881 |
Service code 50 · EIN 56-2325169 | Direct Payment | $40,000 |
BDO USA, LLP2 years Filed as: BDO Service code 50 · EIN 13-5381590 | Direct Payment | $36,300 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $25,090 | $47,456-47.1% | $172,739-85.5% | $77,787-67.7% |
| Participation rate | 89.8% | 66.3%+23.5pp | 82.6%+7.1pp | 73.2%+16.5pp |
| Annual return | 22.43% | 35.57%-13.1pp | 802.84%-780.4pp | 32.57%-10.1pp |
| Employer contribution / active EE | $1,205 | $1,574-23.5% | $5,143-76.6% | $2,504-51.9% |
| Participant deferral / active EE | $3,171 | $2,560+23.9% | $5,198-39.0% | $3,967-20.1% |
| Admin fee / account holder | $200 | $81+147.9% | $13,954-98.6% | $100+100.3% |