Filed January 21, 2022
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 | $58,256 | $54,705+6.5% | $71,209-18.2% | $84,808-31.3% |
| Participation rate | 68.2% | 64.1%+4.2pp | 73.8%-5.5pp | 68.3%-0.1pp |
| Annual return | 24.87% | 35.90%-11.0pp | 282.51%-257.6pp | 40.90%-16.0pp |
| Employer contribution / active EE | $3,987 | $2,158+84.8% | $2,721+46.5% | $2,631+51.6% |
| Participant deferral / active EE | $5,307 | $3,030+75.1% | $4,175+27.1% | $4,212+26.0% |
| Admin fee / account holder | $5,870 | $4,863+20.7% | $5,349+9.7% | $7,344-20.1% |