Filed July 22, 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).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $36,141 | $87,870-58.9% | $113,168-68.1% | $74,304-51.4% |
| Participation rate | 80.0% | 70.7%+9.3pp | 76.6%+3.4pp | 60.3%+19.7pp |
| Annual return | 16.70% | 26.44%-9.7pp | 24.27%-7.6pp | 29.43%-12.7pp |
| Employer contribution / active EE | $1,921 | $2,277-15.6% | $2,975-35.4% | $2,241-14.3% |
| Participant deferral / active EE | $3,619 | $4,241-14.7% | $5,107-29.1% | $3,767-3.9% |
| Admin fee / account holder | $1,385 | $3,368-58.9% | $12,068-88.5% | $2,969-53.4% |