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.8+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833 | Recordkeeping | $55,378 |
Filed as: MERRILL LYNCH CONSULTING SERVI Service code 28 · EIN 13-5674085 | Investment Management | $49,547 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $231,385 | $54,350+325.7% | $82,719+179.7% | $68,494+237.8% |
| Participation rate | 98.6% | 63.9%+34.7pp | 72.6%+26.0pp | 67.9%+30.7pp |
| Annual return | -16.50% | -13.67%-2.8pp | 701.18%-717.7pp | -7.84%-8.7pp |
| Employer contribution / active EE | $4,440 | $2,218+100.2% | $3,009+47.6% | $2,596+71.0% |
| Participant deferral / active EE | $13,492 | $3,246+315.6% | $4,395+207.0% | $4,027+235.0% |
| Admin fee / account holder | $704 | $4,395-84.0% | $5,329-86.8% | $5,403-87.0% |