Filed March 23, 2023
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 |
|---|---|---|
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $83,994 |
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,225 | $119,627-68.9% | $146,958-74.7% | $99,062-62.4% |
| Participation rate | 94.8% | 73.4%+21.4pp | 82.2%+12.7pp | 71.6%+23.2pp |
| Annual return | 13.10% | 28.82%-15.7pp | 418.34%-405.2pp | 17.66%-4.6pp |
| Employer contribution / active EE | $2,411 | $4,153-41.9% | $4,933-51.1% | $3,262-26.1% |
| Participant deferral / active EE | $3,358 | $7,997-58.0% | $8,070-58.4% | $5,331-37.0% |
| Admin fee / account holder | $10 | $150-93.4% | $12,998-99.9% | $109-90.9% |