Filed April 12, 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 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 | $63,183 | $62,586+1.0% | $76,768-17.7% | $64,186-1.6% |
| Participation rate | 31.3% | 72.8%-41.6pp | 77.0%-45.7pp | 69.6%-38.3pp |
| Annual return | 0.38% | -1.95%+2.3pp | 2.43%-2.1pp | 7.63%-7.3pp |
| Employer contribution / active EE | $708 | $1,832-61.3% | $2,485-71.5% | $2,381-70.3% |
| Participant deferral / active EE | $1,663 | $3,145-47.1% | $3,852-56.8% | $3,470-52.1% |
| Admin fee / account holder | $5,515 | $4,667+18.2% | $6,675-17.4% | $4,888+12.8% |