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 | $131,246 |
REGIONS BANK4 years Filed as: REGIONS Service code 70 · EIN 63-0589368 | Consulting Fees | $41,250 |
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 | $145,836 | $88,122+65.5% | $141,162+3.3% | $67,579+115.8% |
| Participation rate | 77.4% | 76.5%+0.9pp | 82.5%-5.1pp | 71.3%+6.1pp |
| Annual return | 21.05% | 75.40%-54.3pp | 71.39%-50.3pp | 378.56%-357.5pp |
| Employer contribution / active EE | $2,087 | $3,224-35.3% | $4,735-55.9% | $2,148-2.8% |
| Participant deferral / active EE | $7,793 | $5,958+30.8% | $6,709+16.2% | $3,539+120.2% |
| Admin fee / account holder | $436 | $131+232.8% | $10,261-95.8% | $142+206.1% |