Filed September 5, 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 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 | $45,374 | $49,227-7.8% | $70,449-35.6% | $79,858-43.2% |
| Participation rate | 78.3% | 69.2%+9.1pp | 75.1%+3.2pp | 69.6%+8.6pp |
| Annual return | 13.99% | 30.06%-16.1pp | 109.03%-95.0pp | 31.71%-17.7pp |
| Employer contribution / active EE | $938 | $2,099-55.3% | $2,737-65.7% | $2,471-62.0% |
| Participant deferral / active EE | $2,065 | $2,768-25.4% | $3,709-44.3% | $3,740-44.8% |
| Admin fee / account holder | $9,525 | $2,878+230.9% | $3,845+147.7% | $5,306+79.5% |