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 | $81,275 | $58,694+38.5% | $142,863-43.1% | $85,850-5.3% |
| Participation rate | 40.6% | 58.5%-17.9pp | 71.9%-31.3pp | 69.3%-28.7pp |
| Annual return | 14.21% | 27.72%-13.5pp | 5637.54%-5623.3pp | 318.53%-304.3pp |
| Employer contribution / active EE | $1,520 | $1,423+6.8% | $4,144-63.3% | $2,565-40.8% |
| Participant deferral / active EE | $3,141 | $2,607+20.5% | $3,837-18.1% | $3,952-20.5% |
| Admin fee / account holder | $2,216 | $4,239-47.7% | $6,560-66.2% | $6,260-64.6% |