Filed September 13, 2024 (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 3-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.2 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833 | Recordkeeping | $141,982 |
REDPATH AND COMPANY1 year Filed as: REDPATH AND COMPANY LLC Service code 10 · EIN 92-0370318 | Accounting | $66,375 |
MERCER2 years Filed as: MERCER INVESTMENT MANAGEMENT Service code 28 · EIN 30-0282430 | Investment Management | $28,619 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $72,646 | $2,679,533-97.3% | $164,813-55.9% | $199,593-63.6% |
| Participation rate | 40.3% | 78.3%-38.0pp | 78.6%-38.3pp | 72.0%-31.7pp |
| Annual return | 16.84% | 17.93%-1.1pp | 69.93%-53.1pp | 34.25%-17.4pp |
| Employer contribution / active EE | $2,324 | $2,970-21.8% | $4,341-46.5% | $3,034-23.4% |
| Participant deferral / active EE | $1,862 | $5,010-62.8% | $6,031-69.1% | $5,087-63.4% |
| Admin fee / account holder | $115 | $1,982-94.2% | $12,690-99.1% | $269-57.4% |