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 | $38,559 | $69,010-44.1% | $159,960-75.9% | $68,494-43.7% |
| Participation rate | 65.7% | 65.4%+0.3pp | 78.0%-12.2pp | 67.9%-2.2pp |
| Annual return | -17.57% | -9.65%-7.9pp | 408.60%-426.2pp | -7.84%-9.7pp |
| Employer contribution / active EE | $1,035 | $2,213-53.3% | $4,226-75.5% | $2,596-60.2% |
| Participant deferral / active EE | $5,391 | $4,212+28.0% | $6,182-12.8% | $4,027+33.9% |
| Admin fee / account holder | $482 | $4,798-90.0% | $8,698-94.5% | $5,403-91.1% |