Filed July 14, 2021
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.
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $9,247 | $77,634-88.1% | $156,549-94.1% | $62,891-85.3% |
| Participation rate | 56.8% | 71.2%-14.4pp | 84.0%-27.2pp | 69.3%-12.5pp |
| Annual return | -1.95% | 50.32%-52.3pp | 32.23%-34.2pp | 20.14%-22.1pp |
| Employer contribution / active EE | $1,137 | $3,444-67.0% | $5,501-79.3% | $2,281-50.2% |
| Participant deferral / active EE | $1,647 | $3,045-45.9% | $4,871-66.2% | $3,203-48.6% |
| Admin fee / account holder | $1,062 | $5,561-80.9% | $13,027-91.9% | $4,296-75.3% |