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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $24,002 | $51,175-53.1% | $70,515-66.0% | $75,163-68.1% |
| Participation rate | 100.0% | 60.9%+39.1pp | 68.3%+31.7pp | 67.2%+32.8pp |
| Annual return | 12.81% | 30.02%-17.2pp | 32.77%-20.0pp | 160.62%-147.8pp |
| Employer contribution / active EE | $3,976 | $1,826+117.7% | $2,973+33.7% | $2,670+48.9% |
| Participant deferral / active EE | $2,667 | $2,849-6.4% | $4,567-41.6% | $4,125-35.3% |
| Admin fee / account holder | $3,636 | $4,091-11.1% | $6,412-43.3% | $5,651-35.7% |