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 | $16,996 | $48,265-64.8% | $68,791-75.3% | $68,494-75.2% |
| Participation rate | 100.0% | 60.7%+39.3pp | 69.0%+31.0pp | 67.9%+32.1pp |
| Annual return | -13.59% | -12.71%-0.9pp | -6.38%-7.2pp | -7.84%-5.7pp |
| Employer contribution / active EE | $3,130 | $1,829+71.2% | $2,655+17.9% | $2,596+20.6% |
| Participant deferral / active EE | $1,828 | $2,867-36.2% | $3,941-53.6% | $4,027-54.6% |
| Admin fee / account holder | $982 | $4,355-77.5% | $4,932-80.1% | $5,403-81.8% |