Filed August 14, 2023 (most recent of 2 filings on file)
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 | $20,119 | $56,897-64.6% | $84,750-76.3% | $62,891-68.0% |
| Participation rate | 84.2% | 68.5%+15.7pp | 76.6%+7.6pp | 69.3%+14.9pp |
| Annual return | 7.63% | 6.30%+1.3pp | 22.78%-15.2pp | 20.14%-12.5pp |
| Employer contribution / active EE | $987 | $2,400-58.9% | $3,574-72.4% | $2,281-56.7% |
| Participant deferral / active EE | $1,740 | $2,709-35.8% | $3,712-53.1% | $3,203-45.7% |
| Admin fee / account holder | $1,088 | $3,581-69.6% | $5,332-79.6% | $4,296-74.7% |