Filed September 24, 2021
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 6-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.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $37,244 | $88,360-57.8% | $145,433-74.4% | $67,986-45.2% |
| Participation rate | 31.5% | 65.5%-34.0pp | 82.1%-50.6pp | 57.2%-25.7pp |
| Annual return | 18.52% | 63.15%-44.6pp | 66.58%-48.1pp | 31.67%-13.1pp |
| Employer contribution / active EE | $1,009 | $3,054-67.0% | $4,554-77.8% | $2,019-50.0% |
| Participant deferral / active EE | $1,368 | $5,932-76.9% | $7,897-82.7% | $3,358-59.3% |
| Admin fee / account holder | $724 | $3,313-78.1% | $13,129-94.5% | $3,203-77.4% |