Filed July 15, 2022
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, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $61,636 |
REGIONS BANK2 years Filed as: REGIONS Service code 70 · EIN 63-0589368 | Consulting Fees | $27,500 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $134,914 | $155,795-13.4% | $136,294-1.0% | $69,631+93.8% |
| Participation rate | 72.9% | 75.2%-2.3pp | 81.9%-9.0pp | 70.7%+2.2pp |
| Annual return | 16.67% | 232464.33%-232447.7pp | 5155.94%-5139.3pp | 27571.02%-27554.3pp |
| Employer contribution / active EE | $879 | $2,991-70.6% | $4,695-81.3% | $2,032-56.7% |
| Participant deferral / active EE | $6,414 | $5,394+18.9% | $6,247+2.7% | $3,224+99.0% |
| Admin fee / account holder | $321 | $128+150.5% | $9,243-96.5% | $110+190.8% |