Filed April 24, 2024
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 10-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 | $45,737 | $96,484-52.6% | $156,263-70.7% | $74,304-38.4% |
| Participation rate | 33.6% | 67.7%-34.1pp | 78.9%-45.4pp | 60.3%-26.8pp |
| Annual return | 18.92% | 17.73%+1.2pp | 59.47%-40.6pp | 29.43%-10.5pp |
| Employer contribution / active EE | $784 | $2,528-69.0% | $4,333-81.9% | $2,241-65.0% |
| Participant deferral / active EE | $1,251 | $4,286-70.8% | $6,158-79.7% | $3,767-66.8% |
| Admin fee / account holder | $1,718 | $3,728-53.9% | $14,255-88.0% | $2,969-42.1% |