Filed May 10, 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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $31,296 | $183,963-83.0% | $162,163-80.7% | $152,861-79.5% |
| Participation rate | 94.4% | 88.5%+5.9pp | 87.6%+6.9pp | 82.4%+12.0pp |
| Annual return | 44.92% | 150.76%-105.8pp | 115.59%-70.7pp | 345.32%-300.4pp |
| Employer contribution / active EE | $2,874 | $6,371-54.9% | $5,614-48.8% | $4,762-39.6% |
| Participant deferral / active EE | $5,785 | $8,034-28.0% | $7,298-20.7% | $5,850-1.1% |
| Admin fee / account holder | $1,949 | $13,121-85.1% | $10,843-82.0% | $11,596-83.2% |