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 | $74,489 | $70,475+5.7% | $100,516-25.9% | $79,858-6.7% |
| Participation rate | 98.0% | 73.7%+24.3pp | 79.4%+18.6pp | 69.6%+28.4pp |
| Annual return | 44.77% | 21.90%+22.9pp | 30.89%+13.9pp | 31.71%+13.1pp |
| Employer contribution / active EE | $3,272 | $2,165+51.1% | $3,418-4.3% | $2,471+32.4% |
| Participant deferral / active EE | $5,816 | $5,181+12.2% | $6,270-7.2% | $3,740+55.5% |
| Admin fee / account holder | $12,416 | $4,478+177.2% | $8,081+53.6% | $5,306+134.0% |