Filed February 13, 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 9-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.
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $196,283 | $78,672+149.5% | $109,143+79.8% | $85,850+128.6% |
| Participation rate | 69.2% | 68.3%+1.0pp | 75.9%-6.6pp | 69.3%-0.1pp |
| Annual return | 33.40% | 25.09%+8.3pp | 25.75%+7.7pp | 318.53%-285.1pp |
| Employer contribution / active EE | $1,491 | $2,735-45.5% | $3,722-59.9% | $2,565-41.9% |
| Participant deferral / active EE | $4,548 | $3,467+31.2% | $4,653-2.3% | $3,952+15.1% |
| Admin fee / account holder | $1,038 | $5,469-81.0% | $6,752-84.6% | $6,260-83.4% |