Filed July 24, 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 | $83,816 | $76,000+10.3% | $154,107-45.6% | $64,186+30.6% |
| Participation rate | 70.8% | 70.4%+0.4pp | 83.0%-12.3pp | 69.6%+1.2pp |
| Annual return | 14.19% | 30.32%-16.1pp | 735.12%-720.9pp | 7.63%+6.6pp |
| Employer contribution / active EE | $2,537 | $3,351-24.3% | $5,298-52.1% | $2,381+6.6% |
| Participant deferral / active EE | $5,346 | $3,175+68.4% | $5,081+5.2% | $3,470+54.1% |
| Admin fee / account holder | $4,629 | $5,596-17.3% | $13,411-65.5% | $4,888-5.3% |