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 |
|---|---|---|
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $290,434 |
ANDERSON FINANCIAL PARTNERS6 years Service code 50 · EIN 56-2325169 | Direct Payment | $40,000 |
BDO USA, LLP7 years Filed as: BDO Service code 50 100 SE 2ND STREET · MIAMI, FL 33131 | Direct Payment | $34,530 |
Annual investment return is in the bottom quintile of the peer cohort.
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 | $39,099 | $53,136-26.4% | $155,509-74.9% | $199,593-80.4% |
| Participation rate | 92.4% | 64.1%+28.4pp | 78.2%+14.2pp | 72.0%+20.5pp |
| Annual return | 9.43% | 41.15%-31.7pp | 64.67%-55.2pp | 34.25%-24.8pp |
| Employer contribution / active EE | $1,307 | $1,851-29.4% | $4,672-72.0% | $3,034-56.9% |
| Participant deferral / active EE | $3,845 | $3,161+21.6% | $5,626-31.7% | $5,087-24.4% |
| Admin fee / account holder | $146 | $185-21.1% | $15,912-99.1% | $269-45.6% |