Filed April 29, 2024
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 | $117,114 | $68,719+70.4% | $91,541+27.9% | $84,808+38.1% |
| Participation rate | 65.6% | 64.5%+1.1pp | 69.8%-4.2pp | 68.3%-2.7pp |
| Annual return | 14.83% | 19.12%-4.3pp | 20.50%-5.7pp | 40.90%-26.1pp |
| Employer contribution / active EE | $2,941 | $1,920+53.2% | $2,505+17.4% | $2,631+11.8% |
| Participant deferral / active EE | $6,097 | $3,136+94.4% | $4,008+52.1% | $4,212+44.8% |
| Admin fee / account holder | $3,029 | $5,786-47.6% | $6,956-56.5% | $7,344-58.7% |