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 | $55,188 | $60,124-8.2% | $90,404-39.0% | $79,858-30.9% |
| Participation rate | 100.0% | 65.0%+35.0pp | 72.7%+27.3pp | 69.6%+30.4pp |
| Annual return | 11.01% | 71.94%-60.9pp | 1293.02%-1282.0pp | 31.71%-20.7pp |
| Employer contribution / active EE | $3,465 | $2,068+67.6% | $3,262+6.2% | $2,471+40.2% |
| Participant deferral / active EE | $7,330 | $2,938+149.5% | $3,963+84.9% | $3,740+96.0% |
| Admin fee / account holder | $1,648 | $3,976-58.6% | $5,611-70.6% | $5,306-68.9% |