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) | $16,844 |
Service code 15 · EIN 01-0233346 | Recordkeeping | $275 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $71,717 | $70,908+1.1% | $98,907-27.5% | $73,488-2.4% |
| Participation rate | 61.7% | 73.8%-12.1pp | 76.0%-14.3pp | 70.7%-9.0pp |
| Annual return | 10.60% | 34.17%-23.6pp | 196.43%-185.8pp | 28.51%-17.9pp |
| Employer contribution / active EE | $1,167 | $2,036-42.7% | $2,689-56.6% | $2,270-48.6% |
| Participant deferral / active EE | $3,288 | $3,500-6.1% | $4,244-22.5% | $3,740-12.1% |
| Admin fee / account holder | $483 | $535-9.8% | $6,642-92.7% | $513-5.9% |