Filed November 22, 2022
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.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $19,305 | $56,484-65.8% | $169,463-88.6% | $64,186-69.9% |
| Participation rate | 55.4% | 64.5%-9.2pp | 77.8%-22.4pp | 69.6%-14.2pp |
| Annual return | -8.87% | -1.55%-7.3pp | 1.83%-10.7pp | 7.63%-16.5pp |
| Employer contribution / active EE | $356 | $1,832-80.6% | $4,159-91.4% | $2,381-85.0% |
| Participant deferral / active EE | $3,508 | $3,448+1.8% | $5,277-33.5% | $3,470+1.1% |
| Admin fee / account holder | $43 | $4,174-99.0% | $9,109-99.5% | $4,888-99.1% |