Filed February 17, 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 Service code 26 · EIN 13-5674085 | Advisory (Participants) | $10,151 |
Service code 15 · EIN 01-0233346 | Recordkeeping | $250 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $73,397 | $66,310+10.7% | $93,606-21.6% | $65,185+12.6% |
| Participation rate | 63.2% | 74.0%-10.8pp | 75.8%-12.7pp | 70.2%-7.0pp |
| Annual return | 19.42% | 42.58%-23.2pp | 32.76%-13.3pp | 29.38%-10.0pp |
| Employer contribution / active EE | $1,288 | $2,012-36.0% | $2,718-52.6% | $2,177-40.8% |
| Participant deferral / active EE | $3,297 | $3,342-1.4% | $4,069-19.0% | $3,514-6.2% |
| Admin fee / account holder | $307 | $6,897-95.6% | $7,888-96.1% | $847-63.8% |