Filed October 26, 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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $16,896 | $48,313-65.0% | $73,307-77.0% | $52,331-67.7% |
| Participation rate | 44.6% | 68.6%-23.9pp | 74.9%-30.3pp | 68.1%-23.5pp |
| Annual return | 41.24% | 3.85%+37.4pp | 5.67%+35.6pp | 4.54%+36.7pp |
| Employer contribution / active EE | $0 | $1,661-100.0% | $3,237-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $4,777 | $4,189+14.0% | $4,991-4.3% | $3,022+58.1% |
| Admin fee / account holder | $453 | $404+12.2% | $5,637-92.0% | $592-23.4% |