Filed January 19, 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 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 | $147,303 | $109,881+34.1% | $150,045-1.8% | $84,808+73.7% |
| Participation rate | 72.0% | 76.1%-4.1pp | 82.3%-10.3pp | 68.3%+3.7pp |
| Annual return | 21.30% | 28.25%-6.9pp | 62.55%-41.3pp | 40.90%-19.6pp |
| Employer contribution / active EE | $3,083 | $3,561-13.4% | $4,693-34.3% | $2,631+17.2% |
| Participant deferral / active EE | $8,800 | $6,636+32.6% | $7,997+10.0% | $4,212+108.9% |
| Admin fee / account holder | $1,038 | $8,568-87.9% | $13,435-92.3% | $7,344-85.9% |