Filed December 11, 2022
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.)
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 | $107,257 | $65,703+63.2% | $94,224+13.8% | $59,632+79.9% |
| Participation rate | 70.7% | 72.1%-1.4pp | 78.8%-8.0pp | 68.7%+2.1pp |
| Annual return | 0.30% | 5.22%-4.9pp | 10.68%-10.4pp | 2041.28%-2041.0pp |
| Employer contribution / active EE | $1,020 | $2,021-49.5% | $3,587-71.6% | $2,203-53.7% |
| Participant deferral / active EE | $3,383 | $3,143+7.7% | $4,320-21.7% | $3,192+6.0% |
| Admin fee / account holder | $5,393 | $4,264+26.5% | $6,269-14.0% | $4,297+25.5% |