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.
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 | $60,783 | $58,208+4.4% | $81,812-25.7% | $80,856-24.8% |
| Participation rate | 76.2% | 63.4%+12.8pp | 72.3%+3.8pp | 67.6%+8.6pp |
| Annual return | 20.47% | 41.66%-21.2pp | 773.79%-753.3pp | 35.59%-15.1pp |
| Employer contribution / active EE | $0 | $2,340-100.0% | $2,912-100.0% | $2,755-100.0% |
| Participant deferral / active EE | $8,499 | $3,281+159.1% | $4,319+96.8% | $4,296+97.9% |
| Admin fee / account holder | $4,671 | $4,981-6.2% | $7,386-36.8% | $6,918-32.5% |