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) | $79,580 |
CLIFTONLARSONALLEN LLP1 year Service code 10 · EIN 41-0746749 | Accounting | $5,163 |
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $130,094 | $82,917+56.9% | $103,333+25.9% | $77,643+67.6% |
| Participation rate | 83.2% | 71.6%+11.7pp | 74.5%+8.7pp | 70.6%+12.7pp |
| Annual return | 25.06% | 19.13%+5.9pp | 24.88%+0.2pp | 31.24%-6.2pp |
| Employer contribution / active EE | $2,107 | $3,552-40.7% | $3,868-45.5% | $2,726-22.7% |
| Participant deferral / active EE | $7,579 | $4,108+84.5% | $5,057+49.9% | $4,647+63.1% |
| Admin fee / account holder | $330 | $638-48.3% | $8,355-96.0% | $430-23.3% |