Filed August 24, 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.
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 | $86,226 | $46,869+84.0% | $122,332-29.5% | $70,131+23.0% |
| Participation rate | 31.4% | 58.2%-26.8pp | 71.6%-40.2pp | 69.5%-38.1pp |
| Annual return | 17.72% | 24.22%-6.5pp | 30.27%-12.6pp | 73.14%-55.4pp |
| Employer contribution / active EE | $803 | $1,288-37.7% | $4,050-80.2% | $2,342-65.7% |
| Participant deferral / active EE | $1,661 | $2,166-23.3% | $3,287-49.5% | $3,332-50.1% |
| Admin fee / account holder | $589 | $3,322-82.3% | $5,478-89.3% | $4,645-87.3% |