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 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.)
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 | $7,364 | $93,571-92.1% | $135,903-94.6% | $75,163-90.2% |
| Participation rate | 83.3% | 75.2%+8.2pp | 81.9%+1.4pp | 67.2%+16.1pp |
| Annual return | 24.26% | 30.90%-6.6pp | 68.23%-44.0pp | 160.62%-136.4pp |
| Employer contribution / active EE | $1,364 | $3,537-61.4% | $4,856-71.9% | $2,670-48.9% |
| Participant deferral / active EE | $2,651 | $6,404-58.6% | $7,758-65.8% | $4,125-35.7% |
| Admin fee / account holder | $449 | $6,975-93.6% | $10,762-95.8% | $5,651-92.1% |