Filed April 16, 2024
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 9-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 | $31,159 | $73,933-57.9% | $96,683-67.8% | $75,163-58.5% |
| Participation rate | 97.8% | 66.4%+31.4pp | 74.3%+23.4pp | 67.2%+30.6pp |
| Annual return | 17.19% | 26.70%-9.5pp | 35.69%-18.5pp | 160.62%-143.4pp |
| Employer contribution / active EE | $2,046 | $2,928-30.1% | $3,737-45.2% | $2,670-23.4% |
| Participant deferral / active EE | $6,131 | $3,659+67.6% | $4,878+25.7% | $4,125+48.6% |
| Admin fee / account holder | $722 | $5,216-86.2% | $6,730-89.3% | $5,651-87.2% |