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.
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 | $26,873 | $65,395-58.9% | $182,532-85.3% | $72,985-63.2% |
| Participation rate | 56.5% | 65.4%-9.0pp | 78.0%-21.5pp | 69.5%-13.0pp |
| Annual return | 25.83% | 27.68%-1.9pp | 148.54%-122.7pp | 81.00%-55.2pp |
| Employer contribution / active EE | $540 | $1,911-71.7% | $4,076-86.7% | $2,440-77.8% |
| Participant deferral / active EE | $2,932 | $3,563-17.7% | $5,524-46.9% | $3,607-18.7% |
| Admin fee / account holder | $315 | $4,245-92.6% | $8,592-96.3% | $5,124-93.8% |