Filed December 8, 2020
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 | $68,815 | $100,041-31.2% | $149,718-54.0% | $70,131-1.9% |
| Participation rate | 54.9% | 83.6%-28.7pp | 87.1%-32.2pp | 69.5%-14.7pp |
| Annual return | 16.13% | 27.43%-11.3pp | 1501.63%-1485.5pp | 73.14%-57.0pp |
| Employer contribution / active EE | $9,184 | $3,662+150.8% | $5,445+68.7% | $2,342+292.1% |
| Participant deferral / active EE | $7,253 | $4,983+45.6% | $6,569+10.4% | $3,332+117.7% |
| Admin fee / account holder | $6,701 | $8,286-19.1% | $11,283-40.6% | $4,645+44.2% |