Filed October 16, 2023
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 5-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 | $70,997 | $89,753-20.9% | $107,525-34.0% | $84,808-16.3% |
| Participation rate | 37.0% | 68.1%-31.0pp | 75.1%-38.0pp | 68.3%-31.3pp |
| Annual return | 18.59% | 29.48%-10.9pp | 181.32%-162.7pp | 40.90%-22.3pp |
| Employer contribution / active EE | $1,022 | $3,113-67.2% | $3,754-72.8% | $2,631-61.2% |
| Participant deferral / active EE | $2,550 | $4,056-37.1% | $5,116-50.2% | $4,212-39.5% |
| Admin fee / account holder | $1,942 | $7,222-73.1% | $8,919-78.2% | $7,344-73.6% |