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 | $63,033 | $53,777+17.2% | $134,143-53.0% | $79,858-21.1% |
| Participation rate | 42.6% | 58.8%-16.1pp | 72.2%-29.6pp | 69.6%-27.0pp |
| Annual return | 15.33% | 19.01%-3.7pp | 36.33%-21.0pp | 31.71%-16.4pp |
| Employer contribution / active EE | $1,289 | $1,321-2.4% | $3,704-65.2% | $2,471-47.8% |
| Participant deferral / active EE | $2,397 | $2,420-0.9% | $3,499-31.5% | $3,740-35.9% |
| Admin fee / account holder | $5,960 | $3,984+49.6% | $6,684-10.8% | $5,306+12.3% |