Filed May 22, 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 | $140,352 | $89,753+56.4% | $107,525+30.5% | $84,808+65.5% |
| Participation rate | 84.0% | 68.1%+15.9pp | 75.1%+8.9pp | 68.3%+15.7pp |
| Annual return | 15.48% | 29.48%-14.0pp | 181.32%-165.8pp | 40.90%-25.4pp |
| Employer contribution / active EE | $7,679 | $3,113+146.6% | $3,754+104.6% | $2,631+191.9% |
| Participant deferral / active EE | $9,216 | $4,056+127.2% | $5,116+80.2% | $4,212+118.8% |
| Admin fee / account holder | $9,787 | $7,222+35.5% | $8,919+9.7% | $7,344+33.3% |