Filed November 14, 2024
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: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833 | Recordkeeping | $146,515 |
Filed as: COMMONWEALTH EQUITY SERVICES Service code 28 · EIN 04-2675571 | Investment Management | $33,252 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $30,152 | $67,679-55.4% | $155,509-80.6% | $99,062-69.6% |
| Participation rate | 27.4% | 67.2%-39.8pp | 78.2%-50.8pp | 71.6%-44.2pp |
| Annual return | 16.02% | 16.16%-0.1pp | 64.67%-48.6pp | 17.66%-1.6pp |
| Employer contribution / active EE | $270 | $2,268-88.1% | $4,672-94.2% | $3,262-91.7% |
| Participant deferral / active EE | $1,889 | $3,828-50.7% | $5,626-66.4% | $5,331-64.6% |
| Admin fee / account holder | $89 | $94-5.4% | $15,912-99.4% | $109-18.7% |