Filed June 1, 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 | $350,262 |
RSM US LLP10+ years Service code 10 · EIN 42-0714325 | Accounting | $42,000 |
MMA SECURITIES LLC9 years Filed as: MMA SECURITIES Service code 70 · EIN 22-3570392 | Consulting Fees | $40,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $70,835 | $99,062-28.5% | $136,007-47.9% | $99,062-28.5% |
| Participation rate | 50.6% | 71.6%-21.0pp | 76.5%-25.8pp | 71.6%-21.0pp |
| Annual return | 17.83% | 17.66%+0.2pp | 579.32%-561.5pp | 17.66%+0.2pp |
| Employer contribution / active EE | $1,934 | $3,262-40.7% | $4,217-54.1% | $3,262-40.7% |
| Participant deferral / active EE | $3,964 | $5,331-25.7% | $7,025-43.6% | $5,331-25.7% |
| Admin fee / account holder | $148 | $109+36.2% | $6,858-97.8% | $109+36.2% |