Filed April 29, 2024 (most recent of 3 filings on file)
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.
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $41,711 | $55,415-24.7% | $155,509-73.2% | $74,495-44.0% |
| Participation rate | 67.6% | 61.9%+5.7pp | 78.2%-10.5pp | 67.2%+0.4pp |
| Annual return | 0.00% | 268.50%-268.5pp | 64.67%-64.7pp | 1364.94%-1364.9pp |
| Employer contribution / active EE | $1,007 | $2,267-55.6% | $4,672-78.4% | $2,623-61.6% |
| Participant deferral / active EE | $2,171 | $2,836-23.5% | $5,626-61.4% | $4,346-50.0% |
| Admin fee / account holder | $1,941 | $1,738+11.6% | $15,912-87.8% | $1,942-0.1% |