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 | $142,431 | $72,277+97.1% | $101,248+40.7% | $79,858+78.4% |
| Participation rate | 81.5% | 68.5%+13.0pp | 75.8%+5.7pp | 69.6%+11.8pp |
| Annual return | -3.49% | 22.30%-25.8pp | 46.47%-50.0pp | 31.71%-35.2pp |
| Employer contribution / active EE | $1,624 | $2,692-39.7% | $3,660-55.6% | $2,471-34.3% |
| Participant deferral / active EE | $4,964 | $3,282+51.3% | $4,370+13.6% | $3,740+32.7% |
| Admin fee / account holder | $2,948 | $4,400-33.0% | $5,945-50.4% | $5,306-44.4% |