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.7 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833 | Recordkeeping | $88,505 |
CHARLES SCHWAB & CO., INC.9+ years Service code 33 · EIN 94-1737782 | Securities brokerage commissions and ... | $344 |
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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $222,013 | $101,955+117.8% | $112,887+96.7% | $71,457+210.7% |
| Participation rate | 95.0% | 82.1%+12.9pp | 80.5%+14.5pp | 67.9%+27.1pp |
| Annual return | 14.83% | 28.92%-14.1pp | 34.10%-19.3pp | 28.85%-14.0pp |
| Employer contribution / active EE | $11,581 | $4,743+144.2% | $4,563+153.8% | $2,588+347.6% |
| Participant deferral / active EE | $11,964 | $6,771+76.7% | $6,513+83.7% | $4,289+179.0% |
| Admin fee / account holder | $556 | $1,395-60.1% | $7,047-92.1% | $1,587-65.0% |