Filed March 14, 2023
Unlock peer percentile detail for $4.99 your first month
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Unlock 8-year trajectory for $4.99 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 | $28,527 | $86,922-67.2% | $102,438-72.2% | $80,874-64.7% |
| Participation rate | 84.3% | 72.4%+11.9pp | 76.5%+7.8pp | 67.6%+16.7pp |
| Annual return | 22.27% | 18.90%+3.4pp | 29.37%-7.1pp | 35.62%-13.3pp |
| Employer contribution / active EE | $2,968 | $2,369+25.3% | $3,024-1.8% | $2,756+7.7% |
| Participant deferral / active EE | $6,128 | $4,119+48.8% | $5,054+21.3% | $4,297+42.6% |
| Admin fee / account holder | $623 | $8,050-92.3% | $9,448-93.4% | $6,935-91.0% |