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 | $51,576+23.8% | $129,207-50.6% | $80,856-21.0% |
| Participation rate | 86.5% | 57.0%+29.6pp | 69.6%+16.9pp | 67.6%+18.9pp |
| Annual return | 14.75% | 20.81%-6.1pp | 9417.33%-9402.6pp | 35.59%-20.8pp |
| Employer contribution / active EE | $1,829 | $1,584+15.5% | $4,153-56.0% | $2,755-33.6% |
| Participant deferral / active EE | $3,842 | $2,669+44.0% | $4,168-7.8% | $4,296-10.6% |
| Admin fee / account holder | $2,599 | $4,305-39.6% | $7,715-66.3% | $6,918-62.4% |