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 | $67,894+72.5% | $89,340+31.1% | $82,448+42.0% |
| Participation rate | 65.6% | 64.0%+1.5pp | 69.6%-4.0pp | 68.1%-2.5pp |
| Annual return | 14.83% | 19.21%-4.4pp | 20.57%-5.7pp | 41.64%-26.8pp |
| Employer contribution / active EE | $2,941 | $1,828+60.9% | $2,231+31.8% | $2,551+15.3% |
| Participant deferral / active EE | $6,097 | $3,072+98.5% | $3,823+59.5% | $4,139+47.3% |
| Admin fee / account holder | $3,029 | $5,723-47.1% | $6,704-54.8% | $7,234-58.1% |