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 | $138,678 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $145,802 | $100,801+44.6% | $149,696-2.6% | $73,409+98.6% |
| Participation rate | 89.4% | 77.7%+11.7pp | 82.5%+6.9pp | 72.2%+17.2pp |
| Annual return | 15.87% | 265.34%-249.5pp | 276.60%-260.7pp | 59.29%-43.4pp |
| Employer contribution / active EE | $2,193 | $3,312-33.8% | $4,644-52.8% | $2,234-1.8% |
| Participant deferral / active EE | $8,224 | $6,404+28.4% | $6,842+20.2% | $3,805+116.1% |
| Admin fee / account holder | $314 | $181+73.5% | $9,309-96.6% | $158+98.7% |