Filed October 23, 2020
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 |
|---|---|---|
USI CONSULTING GROUP3 years Filed as: USI ADVISORS, INC. Service code 26 · EIN 06-1397347 | Advisory (Participants) | $22,918 |
CHARLES SCHWAB & CO., INC.6+ years Filed as: CHARLES SCHWAB & CO., INC Service code 18 | Shareholder servicing fees; Custodial... | $0 |
CHARLES SCHWAB & CO., INC.6+ years Service code 18 · EIN 94-1737782 | Custodial (other than securities); Sh... | $0 |
CHARLES SCHWAB & CO., INC.6+ years Filed as: CHARLES SCHWAB BANK Service code 18 · EIN 82-3967259 | Custodial (other than securities); In... | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $60,399 | $58,101+4.0% | $118,925-49.2% | $73,409-17.7% |
| Participation rate | 14.0% | 56.1%-42.2pp | 75.4%-61.4pp | 72.2%-58.2pp |
| Annual return | 9.62% | 20.56%-10.9pp | 35.88%-26.3pp | 59.29%-49.7pp |
| Employer contribution / active EE | $217 | $1,445-85.0% | $3,263-93.3% | $2,234-90.3% |
| Participant deferral / active EE | $572 | $2,400-76.1% | $4,265-86.6% | $3,805-85.0% |
| Admin fee / account holder | $283 | $138+104.9% | $6,581-95.7% | $158+79.2% |