Filed March 19, 2024
Unlock peer percentile detail for $4.99 your first month
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Unlock 10-year trajectory for $4.99 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.
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 | $104,145 | $102,382+1.7% | $147,005-29.2% | $80,874+28.8% |
| Participation rate | 37.5% | 75.8%-38.3pp | 82.2%-44.7pp | 67.6%-30.1pp |
| Annual return | -45.93% | 134.89%-180.8pp | 418.76%-464.7pp | 35.62%-81.5pp |
| Employer contribution / active EE | $5,432 | $3,715+46.2% | $4,934+10.1% | $2,756+97.1% |
| Participant deferral / active EE | $22,729 | $6,646+242.0% | $8,070+181.7% | $4,297+429.0% |
| Admin fee / account holder | $7,918 | $7,942-0.3% | $13,006-39.1% | $6,935+14.2% |