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.6 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833 | Recordkeeping | $88,764 |
CHARLES SCHWAB & CO., INC.8+ years Service code 33 · EIN 94-1737782 | Securities brokerage; Direct payment ... | $858 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $188,433 | $99,016+90.3% | $93,789+100.9% | $66,914+181.6% |
| Participation rate | 99.1% | 82.1%+17.0pp | 81.0%+18.2pp | 69.8%+29.3pp |
| Annual return | -14.39% | -14.59%+0.2pp | -11.33%-3.1pp | 1.58%-16.0pp |
| Employer contribution / active EE | $11,517 | $4,769+141.5% | $4,323+166.5% | $2,544+352.7% |
| Participant deferral / active EE | $12,009 | $6,689+79.5% | $6,094+97.1% | $4,237+183.4% |
| Admin fee / account holder | $566 | $477+18.5% | $7,195-92.1% | $593-4.6% |