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 | $47,744 | $83,902-43.1% | $167,512-71.5% | $84,808-43.7% |
| Participation rate | 78.6% | 66.5%+12.1pp | 77.1%+1.5pp | 68.3%+10.3pp |
| Annual return | 16.39% | 91.55%-75.2pp | 1615.79%-1599.4pp | 40.90%-24.5pp |
| Employer contribution / active EE | $1,124 | $2,264-50.3% | $3,882-71.0% | $2,631-57.3% |
| Participant deferral / active EE | $6,412 | $4,442+44.3% | $6,405+0.1% | $4,212+52.3% |
| Admin fee / account holder | $4,565 | $7,915-42.3% | $9,769-53.3% | $7,344-37.8% |