Filed May 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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $51,029 | $58,577-12.9% | $83,333-38.8% | $64,186-20.5% |
| Participation rate | 100.0% | 72.0%+28.0pp | 77.8%+22.2pp | 69.6%+30.4pp |
| Annual return | -8.77% | 9.65%-18.4pp | 10.63%-19.4pp | 7.63%-16.4pp |
| Employer contribution / active EE | $3,226 | $2,098+53.7% | $3,379-4.5% | $2,381+35.5% |
| Participant deferral / active EE | $7,098 | $4,654+52.5% | $5,565+27.6% | $3,470+104.6% |
| Admin fee / account holder | $850 | $9,275-90.8% | $7,510-88.7% | $4,888-82.6% |