Filed August 11, 2023 (most recent of 4 filings on file)
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 7-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: CHARLES SCHWAB & CO. INC. AND AFFIL Service code 59 | Shareholder Servicing | $0 |
Service code 59 · EIN 94-1737782 | Shareholder Servicing | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $24,781 | $84,936-70.8% | $111,297-77.7% | $79,386-68.8% |
| Participation rate | 59.2% | 75.9%-16.7pp | 77.3%-18.2pp | 70.7%-11.6pp |
| Annual return | 13.08% | 17.45%-4.4pp | 54.65%-41.6pp | 116.85%-103.8pp |
| Employer contribution / active EE | $1,539 | $1,979-22.2% | $2,731-43.6% | $2,427-36.6% |
| Participant deferral / active EE | $3,956 | $3,888+1.7% | $4,487-11.8% | $4,046-2.2% |
| Admin fee / account holder | $21 | $537-96.1% | $7,964-99.7% | $626-96.7% |