Filed October 16, 2023
Unlock peer percentile detail for $4.99 your first month
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Unlock 5-year trajectory for $4.99 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 | $70,997 | $88,672-19.9% | $105,223-32.5% | $82,448-13.9% |
| Participation rate | 37.0% | 67.9%-30.9pp | 75.0%-38.0pp | 68.1%-31.0pp |
| Annual return | 18.59% | 30.86%-12.3pp | 180.65%-162.1pp | 41.64%-23.0pp |
| Employer contribution / active EE | $1,022 | $3,048-66.5% | $3,689-72.3% | $2,551-60.0% |
| Participant deferral / active EE | $2,550 | $4,036-36.8% | $5,072-49.7% | $4,139-38.4% |
| Admin fee / account holder | $1,942 | $7,146-72.8% | $8,859-78.1% | $7,234-73.2% |