Filed June 26, 2023
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 | $87,055 | $48,570+79.2% | $130,648-33.4% | $72,985+19.3% |
| Participation rate | 76.7% | 58.6%+18.1pp | 71.7%+4.9pp | 69.5%+7.2pp |
| Annual return | 21.05% | 38.63%-17.6pp | 1708.96%-1687.9pp | 81.00%-59.9pp |
| Employer contribution / active EE | $1,435 | $1,334+7.6% | $4,092-64.9% | $2,440-41.2% |
| Participant deferral / active EE | $4,299 | $2,384+80.3% | $3,603+19.3% | $3,607+19.2% |
| Admin fee / account holder | $1,184 | $3,549-66.6% | $5,464-78.3% | $5,124-76.9% |