Filed July 5, 2022 (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 | $118,788 | $102,317+16.1% | $146,958-19.2% | $80,856+46.9% |
| Participation rate | 58.1% | 75.8%-17.7pp | 82.2%-24.0pp | 67.6%-9.5pp |
| Annual return | 17.17% | 134.76%-117.6pp | 418.34%-401.2pp | 35.59%-18.4pp |
| Employer contribution / active EE | $1,479 | $3,713-60.2% | $4,933-70.0% | $2,755-46.3% |
| Participant deferral / active EE | $5,597 | $6,644-15.8% | $8,070-30.6% | $4,296+30.3% |
| Admin fee / account holder | $2,803 | $7,941-64.7% | $12,998-78.4% | $6,918-59.5% |