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 | $68,784 | $49,227+39.7% | $70,449-2.4% | $79,858-13.9% |
| Participation rate | 41.0% | 69.2%-28.2pp | 75.1%-34.1pp | 69.6%-28.6pp |
| Annual return | 8.06% | 30.06%-22.0pp | 109.03%-101.0pp | 31.71%-23.7pp |
| Employer contribution / active EE | $0 | $2,099-100.0% | $2,737-100.0% | $2,471-100.0% |
| Participant deferral / active EE | $1,467 | $2,768-47.0% | $3,709-60.4% | $3,740-60.8% |
| Admin fee / account holder | $10,110 | $2,878+251.3% | $3,845+162.9% | $5,306+90.5% |