Filed July 22, 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 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.
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 | $31,130 | $89,355-65.2% | $141,162-77.9% | $72,985-57.3% |
| Participation rate | 60.3% | 75.1%-14.8pp | 82.5%-22.1pp | 69.5%-9.1pp |
| Annual return | 23.12% | 111.85%-88.7pp | 71.39%-48.3pp | 81.00%-57.9pp |
| Employer contribution / active EE | $1,942 | $3,114-37.6% | $4,735-59.0% | $2,440-20.4% |
| Participant deferral / active EE | $3,248 | $5,418-40.1% | $6,709-51.6% | $3,607-10.0% |
| Admin fee / account holder | $758 | $5,958-87.3% | $10,261-92.6% | $5,124-85.2% |