Filed September 22, 2021
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 | $275 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $48,848 | $69,159-29.4% | $125,175-61.0% | $67,579-27.7% |
| Participation rate | 45.9% | 78.2%-32.3pp | 79.8%-33.9pp | 71.3%-25.4pp |
| Annual return | 21.67% | 27.12%-5.5pp | 43.79%-22.1pp | 378.56%-356.9pp |
| Employer contribution / active EE | $639 | $2,023-68.4% | $3,865-83.5% | $2,148-70.2% |
| Participant deferral / active EE | $1,380 | $3,700-62.7% | $4,937-72.1% | $3,539-61.0% |
| Admin fee / account holder | $1 | $142-99.2% | $9,702-100.0% | $142-99.2% |