Filed February 4, 2022
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.
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 | $92,449 | $83,477+10.7% | $125,175-26.1% | $72,985+26.7% |
| Participation rate | 68.9% | 73.3%-4.4pp | 79.8%-10.9pp | 69.5%-0.6pp |
| Annual return | 20.97% | 25.78%-4.8pp | 43.79%-22.8pp | 81.00%-60.0pp |
| Employer contribution / active EE | $635 | $2,345-72.9% | $3,865-83.6% | $2,440-74.0% |
| Participant deferral / active EE | $5,393 | $3,585+50.4% | $4,937+9.2% | $3,607+49.5% |
| Admin fee / account holder | $12,584 | $5,517+128.1% | $9,702+29.7% | $5,124+145.6% |