Filed January 20, 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 4-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 | $170,533 | $81,233+109.9% | $155,567+9.6% | $80,874+110.9% |
| Participation rate | 11.5% | 66.2%-54.7pp | 78.2%-66.7pp | 67.6%-56.1pp |
| Annual return | 485.63% | 33.33%+452.3pp | 64.74%+420.9pp | 35.62%+450.0pp |
| Employer contribution / active EE | $0 | $3,101-100.0% | $4,674-100.0% | $2,756-100.0% |
| Participant deferral / active EE | $1,885 | $3,452-45.4% | $5,628-66.5% | $4,297-56.1% |
| Admin fee / account holder | $2,220 | $7,998-72.2% | $15,916-86.1% | $6,935-68.0% |