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.)
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 | $67,291 | $63,355+6.2% | $91,989-26.8% | $72,985-7.8% |
| Participation rate | 100.0% | 72.5%+27.5pp | 78.6%+21.4pp | 69.5%+30.5pp |
| Annual return | 24.62% | 35.35%-10.7pp | 69.02%-44.4pp | 81.00%-56.4pp |
| Employer contribution / active EE | $3,746 | $2,116+77.1% | $3,452+8.5% | $2,440+53.5% |
| Participant deferral / active EE | $7,516 | $4,883+53.9% | $5,923+26.9% | $3,607+108.4% |
| Admin fee / account holder | $2,654 | $4,668-43.1% | $7,743-65.7% | $5,124-48.2% |