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) | $93,739 |
DOWELL GROUP LLP5 years Service code 15 · EIN 36-4027344 | Recordkeeping | $27,075 |
CLIFTONLARSONALLEN LLP2 years Service code 10 · EIN 41-0746749 | Accounting | $17,642 |
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 | $129,810 | $95,880+35.4% | $107,525+20.7% | $85,563+51.7% |
| Participation rate | 85.9% | 70.1%+15.7pp | 75.1%+10.8pp | 66.0%+19.9pp |
| Annual return | 12.17% | 68.06%-55.9pp | 181.32%-169.2pp | 31.51%-19.3pp |
| Employer contribution / active EE | $2,115 | $3,812-44.5% | $3,754-43.7% | $2,654-20.3% |
| Participant deferral / active EE | $7,507 | $4,201+78.7% | $5,116+46.8% | $4,375+71.6% |
| Admin fee / account holder | $451 | $1,025-56.0% | $8,919-94.9% | $834-45.9% |