Filed May 18, 2022
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 | $45,575 | $54,350-16.1% | $82,719-44.9% | $68,494-33.5% |
| Participation rate | 76.5% | 63.9%+12.6pp | 72.6%+3.9pp | 67.9%+8.6pp |
| Annual return | -14.76% | -13.67%-1.1pp | 701.18%-715.9pp | -7.84%-6.9pp |
| Employer contribution / active EE | $1,091 | $2,218-50.8% | $3,009-63.7% | $2,596-58.0% |
| Participant deferral / active EE | $2,670 | $3,246-17.8% | $4,395-39.3% | $4,027-33.7% |
| Admin fee / account holder | $1,865 | $4,395-57.6% | $5,329-65.0% | $5,403-65.5% |