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 | $323,488 |
BDO USA, LLP5 years Filed as: BDO Service code 50 · EIN 13-5381590 | Direct Payment | $59,500 |
ANDERSON FINANCIAL PARTNERS4 years Service code 50 · EIN 56-2325169 | Direct Payment | $50,000 |
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,203 | $45,000-35.1% | $143,757-79.7% | $77,904-62.5% |
| Participation rate | 90.6% | 66.8%+23.8pp | 80.3%+10.3pp | 73.7%+17.0pp |
| Annual return | -14.23% | 29.03%-43.3pp | -0.04%-14.2pp | 12.21%-26.4pp |
| Employer contribution / active EE | $1,201 | $1,870-35.8% | $4,951-75.7% | $2,848-57.8% |
| Participant deferral / active EE | $3,458 | $3,157+9.6% | $5,637-38.7% | $4,806-28.0% |
| Admin fee / account holder | $163 | $98+65.8% | $14,673-98.9% | $133+23.1% |