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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $39,035 | $59,839-34.8% | $81,983-52.4% | $79,858-51.1% |
| Participation rate | 93.1% | 61.6%+31.4pp | 69.2%+23.8pp | 69.6%+23.4pp |
| Annual return | 12.33% | 17.56%-5.2pp | 41.31%-29.0pp | 31.71%-19.4pp |
| Employer contribution / active EE | $128 | $1,713-92.5% | $2,498-94.9% | $2,471-94.8% |
| Participant deferral / active EE | $2,929 | $2,695+8.7% | $3,722-21.3% | $3,740-21.7% |
| Admin fee / account holder | $756 | $4,287-82.4% | $5,664-86.7% | $5,306-85.8% |