Filed April 13, 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 | $38,282 | $49,177-22.2% | $79,464-51.8% | $64,186-40.4% |
| Participation rate | 100.0% | 65.0%+35.0pp | 73.3%+26.7pp | 69.6%+30.4pp |
| Annual return | 6.62% | -1.16%+7.8pp | 718.14%-711.5pp | 7.63%-1.0pp |
| Employer contribution / active EE | $2,936 | $2,076+41.4% | $2,800+4.8% | $2,381+23.3% |
| Participant deferral / active EE | $5,897 | $2,821+109.0% | $3,704+59.2% | $3,470+70.0% |
| Admin fee / account holder | $2,545 | $3,839-33.7% | $5,113-50.2% | $4,888-47.9% |