Filed January 9, 2025 (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 |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $7,478 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $18,667 | $56,503-67.0% | $70,092-73.4% | $64,808-71.2% |
| Participation rate | 61.7% | 70.5%-8.7pp | 70.5%-8.7pp | 71.5%-9.7pp |
| Annual return | 0.00% | -13.44%+13.4pp | 190.73%-190.7pp | 32.82%-32.8pp |
| Employer contribution / active EE | $1,480 | $2,046-27.7% | $2,559-42.1% | $2,506-40.9% |
| Participant deferral / active EE | $2,527 | $3,389-25.4% | $3,849-34.3% | $4,310-41.4% |
| Admin fee / account holder | $65 | $160-59.7% | $6,267-99.0% | $188-65.6% |