Filed November 22, 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.)
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 | $43,814 | $77,314-43.3% | $177,989-75.4% | $80,856-45.8% |
| Participation rate | 78.3% | 65.7%+12.6pp | 77.1%+1.2pp | 67.6%+10.6pp |
| Annual return | 14.07% | 18.09%-4.0pp | 294.48%-280.4pp | 35.59%-21.5pp |
| Employer contribution / active EE | $896 | $2,292-60.9% | $3,949-77.3% | $2,755-67.5% |
| Participant deferral / active EE | $5,941 | $4,411+34.7% | $6,276-5.3% | $4,296+38.3% |
| Admin fee / account holder | $506 | $7,191-93.0% | $10,363-95.1% | $6,918-92.7% |