Filed May 31, 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 | $58,541 | $52,681+11.1% | $75,781-22.8% | $59,632-1.8% |
| Participation rate | 73.1% | 67.2%+5.9pp | 75.8%-2.7pp | 68.7%+4.4pp |
| Annual return | 3.12% | 2.95%+0.2pp | 9.68%-6.6pp | 2041.28%-2038.2pp |
| Employer contribution / active EE | $1,466 | $2,193-33.2% | $3,323-55.9% | $2,203-33.4% |
| Participant deferral / active EE | $4,233 | $2,591+63.4% | $3,651+15.9% | $3,192+32.6% |
| Admin fee / account holder | $4,015 | $3,610+11.2% | $5,299-24.2% | $4,297-6.6% |