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.7+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833 | Recordkeeping | $61,039 |
Filed as: MERRILL LYNCH CONSULTING SERVI Service code 28 · EIN 13-5674085 | Investment Management | $56,554 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant exceed $250,000 - top-decile high-value plan.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $301,673 | $65,409+361.2% | $98,442+206.4% | $85,850+251.4% |
| Participation rate | 97.8% | 65.0%+32.8pp | 73.3%+24.5pp | 69.3%+28.5pp |
| Annual return | 15.34% | 21.76%-6.4pp | 1492.73%-1477.4pp | 318.53%-303.2pp |
| Employer contribution / active EE | $3,526 | $2,168+62.7% | $2,960+19.1% | $2,565+37.5% |
| Participant deferral / active EE | $10,424 | $3,166+229.2% | $4,276+143.8% | $3,952+163.8% |
| Admin fee / account holder | $704 | $4,593-84.7% | $5,949-88.2% | $6,260-88.8% |