Filed March 14, 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 |
|---|---|---|
Service code 28 · EIN 94-2832299 | Investment Management | $420,878 |
Service code 33 · EIN 94-1737782 | Securities brokerage; Shareholder ser... | $1,149 |
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB & CO INC & AFFILIATE Service code 59 | Shareholder Servicing | $0 |
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 42-1558009 | Directed Trustee | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Assets per participant exceed $250,000 - top-decile high-value plan.
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 | $541,366 | $89,739+503.3% | $149,718+261.6% | $62,292+769.1% |
| Participation rate | 94.6% | 85.1%+9.5pp | 87.1%+7.5pp | 69.5%+25.1pp |
| Annual return | 17.35% | 21.01%-3.7pp | 1501.63%-1484.3pp | 28.90%-11.5pp |
| Employer contribution / active EE | $24,536 | $3,233+658.9% | $5,445+350.6% | $2,042+1101.5% |
| Participant deferral / active EE | $12,356 | $4,797+157.6% | $6,569+88.1% | $3,169+289.9% |
| Admin fee / account holder | $2,013 | $551+265.1% | $11,283-82.2% | $479+319.9% |