Filed August 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 | $97,310 | $109,413-11.1% | $156,263-37.7% | $84,808+14.7% |
| Participation rate | 81.5% | 72.7%+8.8pp | 78.9%+2.6pp | 68.3%+13.2pp |
| Annual return | 18.96% | 20.18%-1.2pp | 59.47%-40.5pp | 40.90%-21.9pp |
| Employer contribution / active EE | $7,150 | $2,907+146.0% | $4,333+65.0% | $2,631+171.8% |
| Participant deferral / active EE | $9,855 | $4,590+114.7% | $6,158+60.0% | $4,212+134.0% |
| Admin fee / account holder | $4,494 | $9,357-52.0% | $14,255-68.5% | $7,344-38.8% |