Filed August 4, 2023 (most recent of 2 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 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 |
|---|---|---|
Filed as: MERRILL LYNCH Service code 27 33 WEST MONROE SUITE 2200 · CHICAGO, IL 60642 | Advisory (Plan) | $54,171 |
DOWELL GROUP LLP2 years Service code 10 · EIN 36-4027344 | Accounting | $6,350 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $103,977 | $106,236-2.1% | $112,228-7.4% | $64,808+60.4% |
| Participation rate | 77.9% | 71.7%+6.3pp | 75.1%+2.9pp | 71.5%+6.5pp |
| Annual return | -17.62% | -6.02%-11.6pp | 27.45%-45.1pp | 32.82%-50.4pp |
| Employer contribution / active EE | $0 | $3,166-100.0% | $3,635-100.0% | $2,506-100.0% |
| Participant deferral / active EE | $6,218 | $3,785+64.3% | $4,728+31.5% | $4,310+44.3% |
| Admin fee / account holder | $336 | $452-25.5% | $6,410-94.8% | $188+79.1% |