Filed June 10, 2024 (most recent of 3 filings on file)
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 | $74,282 | $45,035+64.9% | $62,995+17.9% | $70,131+5.9% |
| Participation rate | 44.1% | 69.5%-25.4pp | 74.8%-30.7pp | 69.5%-25.4pp |
| Annual return | 13.69% | 18.76%-5.1pp | 87.57%-73.9pp | 73.14%-59.4pp |
| Employer contribution / active EE | $0 | $2,051-100.0% | $2,759-100.0% | $2,342-100.0% |
| Participant deferral / active EE | $1,734 | $2,465-29.6% | $3,329-47.9% | $3,332-47.9% |
| Admin fee / account holder | $698 | $2,834-75.4% | $3,600-80.6% | $4,645-85.0% |