Filed February 14, 2022
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 8-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.)
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 | $16,291 | $98,750-83.5% | $149,696-89.1% | $79,858-79.6% |
| Participation rate | 100.0% | 75.8%+24.2pp | 82.5%+17.5pp | 69.6%+30.4pp |
| Annual return | 20.67% | 27.43%-6.8pp | 276.60%-255.9pp | 31.71%-11.0pp |
| Employer contribution / active EE | $2,956 | $3,216-8.1% | $4,644-36.3% | $2,471+19.6% |
| Participant deferral / active EE | $5,702 | $5,680+0.4% | $6,842-16.7% | $3,740+52.5% |
| Admin fee / account holder | $2,288 | $6,053-62.2% | $9,309-75.4% | $5,306-56.9% |