Filed June 29, 2023
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 8-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.1+ years Filed as: CHARLES SCHWAB & CO INC AND AFFILIA Service code 59 | Shareholder Servicing | $0 |
CHARLES SCHWAB & CO., INC.1+ years Service code 59 · EIN 94-1737782 | Shareholder Servicing | $0 |
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 42-1558009 | Directed Trustee | $0 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $28,349 | $68,413-58.6% | $123,104-77.0% | $55,191-48.6% |
| Participation rate | 77.9% | 84.5%-6.6pp | 86.8%-8.8pp | 69.2%+8.8pp |
| Annual return | -3.21% | 6.30%-9.5pp | 13.22%-16.4pp | 10.78%-14.0pp |
| Employer contribution / active EE | $555 | $3,050-81.8% | $5,151-89.2% | $1,899-70.8% |
| Participant deferral / active EE | $1,476 | $4,490-67.1% | $6,230-76.3% | $3,046-51.6% |
| Admin fee / account holder | $13 | $88-85.6% | $9,015-99.9% | $91-86.1% |