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 |
|---|---|---|
CHARLES SCHWAB & CO., INC.2 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833 | Recordkeeping | $95,189 |
CHARLES SCHWAB & CO., INC.4+ years Service code 33 · EIN 94-1737782 | Securities brokerage; Securities brok... | $45 |
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 | $198,279 | $92,897+113.4% | $90,782+118.4% | $56,287+252.3% |
| Participation rate | 99.1% | 80.7%+18.4pp | 82.7%+16.4pp | 69.9%+29.2pp |
| Annual return | -3.75% | -2.59%-1.2pp | -3.42%-0.3pp | -9.96%+6.2pp |
| Employer contribution / active EE | $9,441 | $3,871+143.9% | $4,105+130.0% | $2,111+347.2% |
| Participant deferral / active EE | $9,537 | $5,551+71.8% | $5,366+77.7% | $3,350+184.7% |
| Admin fee / account holder | $675 | $440+53.3% | $5,908-88.6% | $521+29.6% |