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.4 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833 | Recordkeeping | $88,315 |
CHARLES SCHWAB & CO., INC.6+ years Service code 33 · EIN 94-1737782 | Direct payment from the plan; Float r... | $15 |
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 | $211,626 | $118,971+77.9% | $112,977+87.3% | $73,488+188.0% |
| Participation rate | 99.1% | 83.3%+15.8pp | 82.6%+16.5pp | 70.7%+28.4pp |
| Annual return | 12.18% | 17.79%-5.6pp | 24.24%-12.1pp | 28.51%-16.3pp |
| Employer contribution / active EE | $9,619 | $4,091+135.2% | $4,255+126.1% | $2,270+323.7% |
| Participant deferral / active EE | $10,205 | $6,133+66.4% | $5,836+74.9% | $3,740+172.9% |
| Admin fee / account holder | $585 | $573+2.1% | $6,294-90.7% | $513+14.0% |