Filed July 29, 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 7-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 | $27,127 | $96,635-71.9% | $86,612-68.7% | $139,434-80.5% |
| Participation rate | 100.0% | 74.4%+25.6pp | 71.7%+28.3pp | 80.3%+19.7pp |
| Annual return | 12.40% | 106.41%-94.0pp | 591.07%-578.7pp | 372.94%-360.5pp |
| Employer contribution / active EE | $1,184 | $3,263-63.7% | $3,022-60.8% | $4,751-75.1% |
| Participant deferral / active EE | $8,236 | $4,836+70.3% | $4,438+85.6% | $6,710+22.7% |
| Admin fee / account holder | $1,890 | $6,408-70.5% | $5,614-66.3% | $11,403-83.4% |