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 | $98,302 | $71,883+36.8% | $86,677+13.4% | $68,494+43.5% |
| Participation rate | 30.2% | 72.2%-42.0pp | 76.6%-46.4pp | 67.9%-37.7pp |
| Annual return | -13.64% | 3.52%-17.2pp | 35.91%-49.6pp | -7.84%-5.8pp |
| Employer contribution / active EE | $986 | $2,173-54.6% | $2,836-65.2% | $2,596-62.0% |
| Participant deferral / active EE | $1,781 | $3,779-52.9% | $4,656-61.7% | $4,027-55.8% |
| Admin fee / account holder | $2,356 | $6,112-61.5% | $7,493-68.6% | $5,403-56.4% |