Filed June 1, 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 6-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 | $40,162 | $90,519-55.6% | $93,789-57.2% | $134,475-70.1% |
| Participation rate | 93.8% | 82.0%+11.8pp | 81.0%+12.8pp | 81.2%+12.5pp |
| Annual return | 21.22% | -15.72%+36.9pp | -11.33%+32.5pp | 417.96%-396.7pp |
| Employer contribution / active EE | $7,147 | $4,343+64.6% | $4,323+65.4% | $4,740+50.8% |
| Participant deferral / active EE | $14,694 | $5,978+145.8% | $6,094+141.1% | $6,400+129.6% |
| Admin fee / account holder | $676 | $9,252-92.7% | $7,195-90.6% | $11,426-94.1% |