Filed December 29, 2015
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 |
|---|---|---|
ALLIANCE BENEFIT GROUP1+ years Filed as: ALLIANCE BENEFIT GROUP OF MI Service code 15 · EIN 38-2738460 | Recordkeeping | $10,974 |
ABG PORTFOLIO STRATEGIES, INC.1+ years Service code 16 · EIN 38-3242375 | Consulting | $8,778 |
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB BANK Service code 15 · EIN 42-1558009 | Recordkeeping | $820 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $88,518 | $52,884+67.4% | $84,750+4.4% | $55,167+60.5% |
| Participation rate | 27.9% | 67.5%-39.6pp | 76.6%-48.7pp | 69.0%-41.1pp |
| Annual return | 77.42% | 18.03%+59.4pp | 22.78%+54.6pp | 169.23%-91.8pp |
| Employer contribution / active EE | $671 | $2,233-70.0% | $3,574-81.2% | $1,963-65.8% |
| Participant deferral / active EE | $2,162 | $2,644-18.2% | $3,712-41.8% | $3,054-29.2% |
| Admin fee / account holder | $420 | $581-27.7% | $5,332-92.1% | $504-16.7% |