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 26 · EIN 13-5674085 150 N. COLLEGE STREET · CHARLOTTE, NC 28255 | Advisory (Participants) | $72,005 |
Service code 15 · EIN 01-0233346 | Recordkeeping | $19,896 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $34,850 | $106,028-67.1% | $146,958-76.3% | $77,643-55.1% |
| Participation rate | 64.8% | 78.4%-13.6pp | 82.2%-17.4pp | 70.6%-5.8pp |
| Annual return | 16.28% | 56.73%-40.5pp | 418.34%-402.1pp | 31.24%-15.0pp |
| Employer contribution / active EE | $1,771 | $4,063-56.4% | $4,933-64.1% | $2,726-35.0% |
| Participant deferral / active EE | $3,231 | $7,990-59.6% | $8,070-60.0% | $4,647-30.5% |
| Admin fee / account holder | $171 | $337-49.3% | $12,998-98.7% | $430-60.2% |