Filed August 21, 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 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.)
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 | $39,003 | $85,766-54.5% | $136,294-71.4% | $70,131-44.4% |
| Participation rate | 86.7% | 74.2%+12.5pp | 81.9%+4.7pp | 69.5%+17.1pp |
| Annual return | 41.21% | 31.45%+9.8pp | 5155.94%-5114.7pp | 73.14%-31.9pp |
| Employer contribution / active EE | $2,632 | $2,966-11.3% | $4,695-44.0% | $2,342+12.3% |
| Participant deferral / active EE | $6,143 | $5,051+21.6% | $6,247-1.7% | $3,332+84.4% |
| Admin fee / account holder | $6,438 | $5,420+18.8% | $9,243-30.3% | $4,645+38.6% |