Filed December 13, 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: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833 | Recordkeeping | $101,785 |
CHARLES SCHWAB & CO., INC.3+ years Service code 33 · EIN 94-1737782 | Securities brokerage; Direct payment ... | $105 |
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.
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 | $218,991 | $102,514+113.6% | $97,995+123.5% | $62,292+251.6% |
| Participation rate | 99.1% | 79.5%+19.6pp | 82.4%+16.7pp | 69.5%+29.6pp |
| Annual return | 13.38% | 32.43%-19.1pp | 23.94%-10.6pp | 28.90%-15.5pp |
| Employer contribution / active EE | $9,206 | $3,689+149.5% | $4,158+121.4% | $2,042+350.8% |
| Participant deferral / active EE | $9,566 | $5,308+80.2% | $5,097+87.7% | $3,169+201.8% |
| Admin fee / account holder | $697 | $378+84.3% | $5,943-88.3% | $479+45.4% |