Filed October 21, 2022
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 Service code 15 · EIN 13-5674085 | Recordkeeping | $36,340 |
ADP BROKER-DEALER5 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $9,554 |
ADP BROKER-DEALER10+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,018 | $50,815-42.9% | $155,509-81.3% | $77,643-62.6% |
| Participation rate | 97.3% | 63.1%+34.2pp | 78.2%+19.1pp | 70.6%+26.7pp |
| Annual return | 12.29% | 34.80%-22.5pp | 64.67%-52.4pp | 31.24%-18.9pp |
| Employer contribution / active EE | $1,561 | $1,993-21.7% | $4,672-66.6% | $2,726-42.7% |
| Participant deferral / active EE | $2,859 | $2,822+1.3% | $5,626-49.2% | $4,647-38.5% |
| Admin fee / account holder | $88 | $437-79.9% | $15,912-99.4% | $430-79.7% |