Filed January 10, 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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $89,279 | $69,977+27.6% | $108,579-17.8% | $62,891+42.0% |
| Participation rate | 65.6% | 72.9%-7.3pp | 79.6%-14.0pp | 69.3%-3.7pp |
| Annual return | 5.47% | 10.73%-5.3pp | -51.70%+57.2pp | 20.14%-14.7pp |
| Employer contribution / active EE | $0 | $2,135-100.0% | $3,758-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $4,956 | $3,165+56.6% | $4,311+15.0% | $3,203+54.7% |
| Admin fee / account holder | $2,245 | $5,076-55.8% | $7,645-70.6% | $4,296-47.7% |