Filed May 19, 2022
Unlock peer percentile detail for $4.99 your first month
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Unlock 3-year trajectory for $4.99 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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $8,326 | $44,984-81.5% | $85,009-90.2% | $74,546-88.8% |
| Participation rate | 99.2% | 49.4%+49.8pp | 67.5%+31.6pp | 67.2%+31.9pp |
| Annual return | 47.01% | 26.25%+20.8pp | 66.47%-19.5pp | 1366.03%-1319.0pp |
| Employer contribution / active EE | $1,973 | $1,458+35.3% | $2,728-27.7% | $2,624-24.8% |
| Participant deferral / active EE | $2,978 | $2,733+9.0% | $4,522-34.1% | $4,347-31.5% |
| Admin fee / account holder | $1,172 | $2,208-46.9% | $6,153-81.0% | $1,944-39.7% |