Filed August 24, 2022
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 | $26,597 | $78,705-66.2% | $117,854-77.4% | $70,131-62.1% |
| Participation rate | 98.5% | 73.2%+25.3pp | 79.7%+18.8pp | 69.5%+29.0pp |
| Annual return | 26.25% | 23.30%+3.0pp | 335.08%-308.8pp | 73.14%-46.9pp |
| Employer contribution / active EE | $3,998 | $2,223+79.8% | $3,786+5.6% | $2,342+70.7% |
| Participant deferral / active EE | $6,885 | $3,297+108.8% | $4,482+53.6% | $3,332+106.7% |
| Admin fee / account holder | $464 | $5,065-90.8% | $8,020-94.2% | $4,645-90.0% |