Filed June 7, 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 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.
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 | $161,827 | $59,805+170.6% | $79,550+103.4% | $68,494+136.3% |
| Participation rate | 96.7% | 61.1%+35.6pp | 69.5%+27.2pp | 67.9%+28.8pp |
| Annual return | -15.07% | -12.30%-2.8pp | 0.16%-15.2pp | -7.84%-7.2pp |
| Employer contribution / active EE | $7,164 | $1,505+376.1% | $2,413+196.9% | $2,596+175.9% |
| Participant deferral / active EE | $6,078 | $3,024+101.0% | $3,985+52.5% | $4,027+50.9% |
| Admin fee / account holder | $5,413 | $4,835+12.0% | $6,832-20.8% | $5,403+0.2% |