Filed October 31, 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 | $20,598 | $76,552-73.1% | $123,892-83.4% | $62,891-67.2% |
| Participation rate | 81.4% | 73.0%+8.5pp | 81.4%0pp | 69.3%+12.1pp |
| Annual return | 29.96% | 18.68%+11.3pp | 47.52%-17.6pp | 20.14%+9.8pp |
| Employer contribution / active EE | $1,681 | $2,883-41.7% | $4,617-63.6% | $2,281-26.3% |
| Participant deferral / active EE | $3,212 | $4,840-33.6% | $5,984-46.3% | $3,203+0.3% |
| Admin fee / account holder | $971 | $4,826-79.9% | $8,357-88.4% | $4,296-77.4% |