Filed January 27, 2020
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 | $100,469 | $56,897+76.6% | $84,750+18.5% | $62,891+59.8% |
| Participation rate | 97.1% | 68.5%+28.5pp | 76.6%+20.5pp | 69.3%+27.8pp |
| Annual return | 7.02% | 6.30%+0.7pp | 22.78%-15.8pp | 20.14%-13.1pp |
| Employer contribution / active EE | $2,557 | $2,400+6.5% | $3,574-28.5% | $2,281+12.1% |
| Participant deferral / active EE | $5,657 | $2,709+108.8% | $3,712+52.4% | $3,203+76.6% |
| Admin fee / account holder | $28,109 | $3,581+685.0% | $5,332+427.2% | $4,296+554.4% |