Filed May 30, 2021 (most recent of 2 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.
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 | $80,895 | $95,803-15.6% | $113,168-28.5% | $84,808-4.6% |
| Participation rate | 59.4% | 72.9%-13.4pp | 76.6%-17.1pp | 68.3%-8.9pp |
| Annual return | 19.30% | 25.00%-5.7pp | 24.27%-5.0pp | 40.90%-21.6pp |
| Employer contribution / active EE | $323 | $2,360-86.3% | $2,975-89.1% | $2,631-87.7% |
| Participant deferral / active EE | $3,591 | $4,242-15.4% | $5,107-29.7% | $4,212-14.7% |
| Admin fee / account holder | $10,080 | $8,989+12.1% | $12,068-16.5% | $7,344+37.3% |