Filed January 4, 2024
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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $32,298 | $57,016-43.4% | $84,966-62.0% | $80,856-60.1% |
| Participation rate | 88.1% | 56.3%+31.7pp | 67.5%+20.6pp | 67.6%+20.5pp |
| Annual return | 12.13% | 21.66%-9.5pp | 66.38%-54.3pp | 35.59%-23.5pp |
| Employer contribution / active EE | $0 | $1,798-100.0% | $2,727-100.0% | $2,755-100.0% |
| Participant deferral / active EE | $7,081 | $3,110+127.7% | $4,519+56.7% | $4,296+64.8% |
| Admin fee / account holder | $6,493 | $4,980+30.4% | $6,149+5.6% | $6,918-6.1% |