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 | $15,998 | $50,666-68.4% | $76,817-79.2% | $65,185-75.5% |
| Participation rate | 60.2% | 68.8%-8.7pp | 72.1%-11.9pp | 70.2%-10.0pp |
| Annual return | 26.64% | 28.51%-1.9pp | 1166.11%-1139.5pp | 29.38%-2.7pp |
| Employer contribution / active EE | $900 | $1,575-42.9% | $2,302-60.9% | $2,177-58.7% |
| Participant deferral / active EE | $1,680 | $2,647-36.5% | $3,336-49.6% | $3,514-52.2% |
| Admin fee / account holder | $2,557 | $463+452.3% | $6,420-60.2% | $847+201.9% |