Filed January 17, 2023
Total covered: 2 employees
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.
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 | $54,053 | $46,722+15.7% | $130,648-58.6% | $65,185-17.1% |
| Participation rate | 27.0% | 60.9%-33.9pp | 71.7%-44.7pp | 70.2%-43.2pp |
| Annual return | 26.52% | 24.17%+2.4pp | 1708.96%-1682.4pp | 29.38%-2.9pp |
| Employer contribution / active EE | $761 | $1,488-48.9% | $4,092-81.4% | $2,177-65.1% |
| Participant deferral / active EE | $1,309 | $2,545-48.6% | $3,603-63.7% | $3,514-62.8% |
| Admin fee / account holder | $2,394 | $453+428.6% | $5,464-56.2% | $847+182.6% |