Filed October 31, 2023
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 6-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 | $18,563 | $81,248-77.2% | $155,509-88.1% | $80,856-77.0% |
| Participation rate | 97.4% | 66.2%+31.2pp | 78.2%+19.3pp | 67.6%+29.8pp |
| Annual return | 38.06% | 33.31%+4.8pp | 64.67%-26.6pp | 35.59%+2.5pp |
| Employer contribution / active EE | $1,917 | $3,100-38.2% | $4,672-59.0% | $2,755-30.4% |
| Participant deferral / active EE | $3,948 | $3,452+14.4% | $5,626-29.8% | $4,296-8.1% |
| Admin fee / account holder | $2,484 | $7,997-68.9% | $15,912-84.4% | $6,918-64.1% |