Filed February 13, 2024
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 9-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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $177,184 | $92,222+92.1% | $76,768+130.8% | $135,375+30.9% |
| Participation rate | 90.0% | 79.8%+10.2pp | 77.0%+13.0pp | 82.6%+7.4pp |
| Annual return | 8.30% | 5.46%+2.8pp | 2.43%+5.9pp | 519.73%-511.4pp |
| Employer contribution / active EE | $4,209 | $3,216+30.9% | $2,485+69.3% | $4,779-11.9% |
| Participant deferral / active EE | $1,630 | $4,509-63.8% | $3,852-57.7% | $5,609-70.9% |
| Admin fee / account holder | $1,677 | $10,748-84.4% | $6,675-74.9% | $10,827-84.5% |