Filed October 5, 2023
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 |
|---|---|---|
CHARLES SCHWAB & CO., INC.4+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833 | Recordkeeping | $88,927 |
Filed as: MERRILL LYNCH CONSULTING SERVI Service code 28 · EIN 13-5674085 | Investment Management | $46,429 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $170,589 | $44,873+280.2% | $79,464+114.7% | $56,287+203.1% |
| Participation rate | 97.7% | 68.7%+28.9pp | 73.3%+24.3pp | 69.9%+27.8pp |
| Annual return | -4.80% | 0.81%-5.6pp | 718.14%-722.9pp | -9.96%+5.2pp |
| Employer contribution / active EE | $3,183 | $2,140+48.7% | $2,800+13.7% | $2,111+50.8% |
| Participant deferral / active EE | $7,707 | $2,746+180.7% | $3,704+108.1% | $3,350+130.1% |
| Admin fee / account holder | $648 | $418+54.8% | $5,113-87.3% | $521+24.3% |