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 | $99,138 | $46,674+112.4% | $117,472-15.6% | $68,494+44.7% |
| Participation rate | 82.8% | 56.8%+26.0pp | 70.6%+12.2pp | 67.9%+14.9pp |
| Annual return | -15.87% | -14.52%-1.3pp | 29.74%-45.6pp | -7.84%-8.0pp |
| Employer contribution / active EE | $2,326 | $1,505+54.6% | $4,176-44.3% | $2,596-10.4% |
| Participant deferral / active EE | $4,742 | $2,636+79.9% | $4,070+16.5% | $4,027+17.8% |
| Admin fee / account holder | $2,877 | $4,020-28.4% | $5,645-49.0% | $5,403-46.8% |