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.10+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833 | Recordkeeping | $53,481 |
Filed as: MERRILL LYNCH CONSULTING SERVI Service code 28 · EIN 13-5674085 | Investment Management | $50,644 |
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 | $293,332 | $58,208+403.9% | $81,812+258.5% | $80,856+262.8% |
| Participation rate | 98.6% | 63.4%+35.2pp | 72.3%+26.2pp | 67.6%+30.9pp |
| Annual return | 17.56% | 41.66%-24.1pp | 773.79%-756.2pp | 35.59%-18.0pp |
| Employer contribution / active EE | $9,668 | $2,340+313.2% | $2,912+232.0% | $2,755+250.9% |
| Participant deferral / active EE | $13,192 | $3,281+302.1% | $4,319+205.5% | $4,296+207.1% |
| Admin fee / account holder | $733 | $4,981-85.3% | $7,386-90.1% | $6,918-89.4% |