Filed August 6, 2024
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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $9,127 | $87,540-89.6% | $75,781-88.0% | $125,391-92.7% |
| Participation rate | 80.0% | 80.2%-0.2pp | 75.8%+4.2pp | 83.2%-3.2pp |
| Annual return | -5.94% | 13.48%-19.4pp | 9.68%-15.6pp | 282.22%-288.2pp |
| Employer contribution / active EE | $1,442 | $3,930-63.3% | $3,323-56.6% | $4,866-70.4% |
| Participant deferral / active EE | $5,695 | $4,229+34.7% | $3,651+56.0% | $5,352+6.4% |
| Admin fee / account holder | $884 | $6,502-86.4% | $5,299-83.3% | $9,540-90.7% |