Filed April 20, 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 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 | $73,278 | $58,208+25.9% | $81,812-10.4% | $80,856-9.4% |
| Participation rate | 71.1% | 63.4%+7.7pp | 72.3%-1.3pp | 67.6%+3.4pp |
| Annual return | 12.30% | 41.66%-29.4pp | 773.79%-761.5pp | 35.59%-23.3pp |
| Employer contribution / active EE | $2,498 | $2,340+6.8% | $2,912-14.2% | $2,755-9.3% |
| Participant deferral / active EE | $4,252 | $3,281+29.6% | $4,319-1.5% | $4,296-1.0% |
| Admin fee / account holder | $9,946 | $4,981+99.7% | $7,386+34.7% | $6,918+43.8% |