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 | $175 |
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 | $61,317 | $78,419-21.8% | $133,956-54.2% | $73,409-16.5% |
| Participation rate | 45.3% | 78.6%-33.3pp | 79.8%-34.5pp | 72.2%-26.9pp |
| Annual return | 19.10% | 33.35%-14.2pp | 45.09%-26.0pp | 59.29%-40.2pp |
| Employer contribution / active EE | $641 | $2,044-68.6% | $3,919-83.6% | $2,234-71.3% |
| Participant deferral / active EE | $1,355 | $3,925-65.5% | $5,048-73.2% | $3,805-64.4% |
| Admin fee / account holder | $1 | $161-99.5% | $8,927-100.0% | $158-99.5% |