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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $142,148 | $72,492+96.1% | $87,100+63.2% | $72,985+94.8% |
| Participation rate | 92.3% | 72.8%+19.5pp | 76.9%+15.4pp | 69.5%+22.8pp |
| Annual return | 2.52% | 24.46%-21.9pp | 28.19%-25.7pp | 81.00%-78.5pp |
| Employer contribution / active EE | $1,403 | $1,894-25.9% | $2,521-44.3% | $2,440-42.5% |
| Participant deferral / active EE | $3,903 | $3,270+19.4% | $4,049-3.6% | $3,607+8.2% |
| Admin fee / account holder | $2,458 | $5,055-51.4% | $7,497-67.2% | $5,124-52.0% |