Filed July 3, 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 | $63,838 | $51,604+23.7% | $129,295-50.6% | $80,874-21.1% |
| Participation rate | 86.5% | 57.0%+29.6pp | 69.6%+16.9pp | 67.6%+18.9pp |
| Annual return | 14.75% | 20.76%-6.0pp | 9429.28%-9414.5pp | 35.62%-20.9pp |
| Employer contribution / active EE | $1,829 | $1,585+15.4% | $4,157-56.0% | $2,756-33.6% |
| Participant deferral / active EE | $3,842 | $2,670+43.9% | $4,169-7.9% | $4,297-10.6% |
| Admin fee / account holder | $2,599 | $4,310-39.7% | $7,665-66.1% | $6,935-62.5% |