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 | $100,923-63.1% | $150,045-75.2% | $74,304-49.9% |
| Participation rate | 31.5% | 70.1%-38.6pp | 82.3%-50.8pp | 60.3%-28.8pp |
| Annual return | 18.52% | 51.77%-33.2pp | 62.55%-44.0pp | 29.43%-10.9pp |
| Employer contribution / active EE | $1,009 | $3,463-70.9% | $4,693-78.5% | $2,241-55.0% |
| Participant deferral / active EE | $1,368 | $6,709-79.6% | $7,997-82.9% | $3,767-63.7% |
| Admin fee / account holder | $724 | $2,767-73.8% | $13,435-94.6% | $2,969-75.6% |