Filed December 29, 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 7-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 | $32,353 | $50,815-36.3% | $155,509-79.2% | $77,643-58.3% |
| Participation rate | 25.3% | 63.1%-37.8pp | 78.2%-52.8pp | 70.6%-45.2pp |
| Annual return | 12.77% | 34.80%-22.0pp | 64.67%-51.9pp | 31.24%-18.5pp |
| Employer contribution / active EE | $270 | $1,993-86.5% | $4,672-94.2% | $2,726-90.1% |
| Participant deferral / active EE | $1,420 | $2,822-49.7% | $5,626-74.8% | $4,647-69.4% |
| Admin fee / account holder | $764 | $437+74.9% | $15,912-95.2% | $430+77.4% |