Filed October 13, 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 4-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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $13,694 | $77,314-82.3% | $177,989-92.3% | $80,856-83.1% |
| Participation rate | 63.0% | 65.7%-2.7pp | 77.1%-14.1pp | 67.6%-4.7pp |
| Annual return | 13.17% | 18.09%-4.9pp | 294.48%-281.3pp | 35.59%-22.4pp |
| Employer contribution / active EE | $1,321 | $2,292-42.4% | $3,949-66.5% | $2,755-52.0% |
| Participant deferral / active EE | $2,230 | $4,411-49.4% | $6,276-64.5% | $4,296-48.1% |
| Admin fee / account holder | $360 | $7,191-95.0% | $10,363-96.5% | $6,918-94.8% |