Filed December 21, 2018
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.
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 | $37,350 | $46,869-20.3% | $122,332-69.5% | $70,131-46.7% |
| Participation rate | 96.0% | 58.2%+37.8pp | 71.6%+24.4pp | 69.5%+26.5pp |
| Annual return | 13.77% | 24.22%-10.5pp | 30.27%-16.5pp | 73.14%-59.4pp |
| Employer contribution / active EE | $2,424 | $1,288+88.2% | $4,050-40.2% | $2,342+3.5% |
| Participant deferral / active EE | $1,905 | $2,166-12.1% | $3,287-42.0% | $3,332-42.8% |
| Admin fee / account holder | $1,651 | $3,322-50.3% | $5,478-69.9% | $4,645-64.5% |