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 | $67,964 | $46,674+45.6% | $117,472-42.1% | $68,494-0.8% |
| Participation rate | 45.6% | 56.8%-11.2pp | 70.6%-25.0pp | 67.9%-22.3pp |
| Annual return | -18.36% | -14.52%-3.8pp | 29.74%-48.1pp | -7.84%-10.5pp |
| Employer contribution / active EE | $1,764 | $1,505+17.2% | $4,176-57.8% | $2,596-32.1% |
| Participant deferral / active EE | $3,444 | $2,636+30.7% | $4,070-15.4% | $4,027-14.5% |
| Admin fee / account holder | $1,146 | $4,020-71.5% | $5,645-79.7% | $5,403-78.8% |