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 | $39,219 | $48,265-18.7% | $68,791-43.0% | $68,494-42.7% |
| Participation rate | 97.2% | 60.7%+36.5pp | 69.0%+28.2pp | 67.9%+29.3pp |
| Annual return | -12.11% | -12.71%+0.6pp | -6.38%-5.7pp | -7.84%-4.3pp |
| Employer contribution / active EE | $2,008 | $1,829+9.8% | $2,655-24.4% | $2,596-22.7% |
| Participant deferral / active EE | $4,574 | $2,867+59.5% | $3,941+16.1% | $4,027+13.6% |
| Admin fee / account holder | $1,889 | $4,355-56.6% | $4,932-61.7% | $5,403-65.0% |