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.)
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 | $47,997 | $59,097-18.8% | $82,389-41.7% | $74,304-35.4% |
| Participation rate | 72.0% | 52.8%+19.2pp | 69.5%+2.5pp | 60.3%+11.7pp |
| Annual return | 11.30% | 22.85%-11.5pp | 28.67%-17.4pp | 29.43%-18.1pp |
| Employer contribution / active EE | $1,670 | $1,601+4.3% | $2,517-33.6% | $2,241-25.5% |
| Participant deferral / active EE | $3,934 | $2,775+41.7% | $4,155-5.3% | $3,767+4.4% |
| Admin fee / account holder | $10,160 | $4,489+126.3% | $7,231+40.5% | $2,969+242.2% |