Filed June 10, 2024
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 | $34,940 | $55,706-37.3% | $75,886-54.0% | $72,985-52.1% |
| Participation rate | 93.1% | 61.1%+31.9pp | 69.3%+23.8pp | 69.5%+23.6pp |
| Annual return | 18.83% | 27.59%-8.8pp | 30.76%-11.9pp | 81.00%-62.2pp |
| Employer contribution / active EE | $632 | $1,687-62.5% | $2,500-74.7% | $2,440-74.1% |
| Participant deferral / active EE | $3,063 | $2,634+16.3% | $3,603-15.0% | $3,607-15.1% |
| Admin fee / account holder | $4,674 | $3,978+17.5% | $5,418-13.7% | $5,124-8.8% |