Filed August 7, 2023
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 7-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 | $14,110 | $62,573-77.5% | $85,682-83.5% | $85,850-83.6% |
| Participation rate | 100.0% | 61.1%+38.9pp | 69.9%+30.1pp | 69.3%+30.7pp |
| Annual return | 14.68% | 23.77%-9.1pp | 21.49%-6.8pp | 318.53%-303.9pp |
| Employer contribution / active EE | $3,513 | $1,757+100.0% | $2,618+34.2% | $2,565+37.0% |
| Participant deferral / active EE | $1,978 | $2,802-29.4% | $3,923-49.6% | $3,952-50.0% |
| Admin fee / account holder | $585 | $4,640-87.4% | $6,873-91.5% | $6,260-90.6% |