Filed October 26, 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 3-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 | $89,162 | $127,065-29.8% | $113,168-21.2% | $142,382-37.4% |
| Participation rate | 88.2% | 79.2%+9.0pp | 76.6%+11.7pp | 80.1%+8.1pp |
| Annual return | 10.93% | 24.03%-13.1pp | 24.27%-13.3pp | 217.08%-206.2pp |
| Employer contribution / active EE | $3,177 | $3,442-7.7% | $2,975+6.8% | $4,299-26.1% |
| Participant deferral / active EE | $9,169 | $5,716+60.4% | $5,107+79.5% | $6,507+40.9% |
| Admin fee / account holder | $1,585 | $15,736-89.9% | $12,068-86.9% | $12,624-87.4% |