Filed October 12, 2023
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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $42,435 | $65,409-35.1% | $98,442-56.9% | $85,850-50.6% |
| Participation rate | 81.6% | 65.0%+16.6pp | 73.3%+8.2pp | 69.3%+12.3pp |
| Annual return | 21.02% | 21.76%-0.7pp | 1492.73%-1471.7pp | 318.53%-297.5pp |
| Employer contribution / active EE | $0 | $2,168-100.0% | $2,960-100.0% | $2,565-100.0% |
| Participant deferral / active EE | $7,288 | $3,166+130.2% | $4,276+70.4% | $3,952+84.4% |
| Admin fee / account holder | $4,980 | $4,593+8.4% | $5,949-16.3% | $6,260-20.4% |