Filed May 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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $7,511 | $48,274-84.4% | $63,517-88.2% | $59,632-87.4% |
| Participation rate | 55.9% | 66.3%-10.4pp | 71.0%-15.1pp | 68.7%-12.7pp |
| Annual return | -1.32% | -240.79%+239.5pp | -70.30%+69.0pp | 2041.28%-2042.6pp |
| Employer contribution / active EE | $763 | $1,586-51.9% | $2,322-67.2% | $2,203-65.4% |
| Participant deferral / active EE | $1,281 | $2,343-45.3% | $2,953-56.6% | $3,192-59.9% |
| Admin fee / account holder | $631 | $3,600-82.5% | $5,892-89.3% | $4,297-85.3% |