Filed October 6, 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 9-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 | $69,676 |
ADP BROKER-DEALER4 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $40,734 |
ADP BROKER-DEALER10+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
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 | $68,747 | $79,184-13.2% | $102,438-32.9% | $74,546-7.8% |
| Participation rate | 99.2% | 74.8%+24.4pp | 76.5%+22.7pp | 67.2%+32.0pp |
| Annual return | 14.04% | 54.95%-40.9pp | 29.37%-15.3pp | 1366.03%-1352.0pp |
| Employer contribution / active EE | $2,186 | $2,362-7.5% | $3,024-27.7% | $2,624-16.7% |
| Participant deferral / active EE | $6,714 | $4,414+52.1% | $5,054+32.9% | $4,347+54.4% |
| Admin fee / account holder | $117 | $2,001-94.1% | $9,448-98.8% | $1,944-94.0% |