Filed April 8, 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.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $51,290 | $105,181-51.2% | $159,436-67.8% | $85,850-40.3% |
| Participation rate | 67.2% | 75.8%-8.6pp | 82.8%-15.6pp | 69.3%-2.1pp |
| Annual return | 16.28% | 45.07%-28.8pp | 263.57%-247.3pp | 318.53%-302.3pp |
| Employer contribution / active EE | $968 | $3,318-70.8% | $4,829-80.0% | $2,565-62.3% |
| Participant deferral / active EE | $2,048 | $5,945-65.6% | $7,352-72.1% | $3,952-48.2% |
| Admin fee / account holder | $272 | $6,933-96.1% | $10,799-97.5% | $6,260-95.7% |