Filed November 2, 2021
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.
Employer 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 | $29,737 | $58,726-49.4% | $92,233-67.8% | $62,292-52.3% |
| Participation rate | 35.5% | 68.3%-32.9pp | 76.5%-41.0pp | 69.5%-34.1pp |
| Annual return | 16.56% | 43.62%-27.1pp | 176.28%-159.7pp | 28.90%-12.3pp |
| Employer contribution / active EE | $0 | $2,392-100.0% | $3,679-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $1,581 | $2,766-42.8% | $3,897-59.4% | $3,169-50.1% |
| Admin fee / account holder | $654 | $556+17.5% | $5,194-87.4% | $479+36.4% |