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 | $75,561 | $49,173+53.7% | $121,098-37.6% | $75,163+0.5% |
| Participation rate | 45.7% | 55.4%-9.7pp | 69.5%-23.8pp | 67.2%-21.5pp |
| Annual return | 18.25% | 55.99%-37.7pp | 985.75%-967.5pp | 160.62%-142.4pp |
| Employer contribution / active EE | $1,538 | $1,546-0.5% | $4,164-63.1% | $2,670-42.4% |
| Participant deferral / active EE | $2,966 | $2,628+12.9% | $4,080-27.3% | $4,125-28.1% |
| Admin fee / account holder | $889 | $3,942-77.4% | $5,644-84.2% | $5,651-84.3% |