Filed April 22, 2016
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 |
|---|---|---|
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $75,595 |
BDO USA, LLP9 years Filed as: BDO Service code 10 · EIN 13-5381590 | Accounting | $35,605 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $103,953 | $55,416+87.6% | $75,972+36.8% | $77,643+33.9% |
| Participation rate | 91.3% | 63.6%+27.7pp | 69.1%+22.2pp | 70.6%+20.7pp |
| Annual return | 10.37% | 17.07%-6.7pp | 359.55%-349.2pp | 31.24%-20.9pp |
| Employer contribution / active EE | $9,925 | $1,788+455.2% | $2,685+269.7% | $2,726+264.1% |
| Participant deferral / active EE | $6,452 | $3,447+87.2% | $4,255+51.6% | $4,647+38.8% |
| Admin fee / account holder | $336 | $414-18.8% | $6,467-94.8% | $430-21.9% |