Filed August 2, 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 8-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 | $86,983 | $148,978-41.6% | $200,582-56.6% | $84,808+2.6% |
| Participation rate | 62.0% | 84.2%-22.2pp | 86.9%-24.9pp | 68.3%-6.3pp |
| Annual return | 17.46% | 28.16%-10.7pp | 42.33%-24.9pp | 40.90%-23.4pp |
| Employer contribution / active EE | $0 | $4,815-100.0% | $6,419-100.0% | $2,631-100.0% |
| Participant deferral / active EE | $13,532 | $7,142+89.5% | $9,331+45.0% | $4,212+221.3% |
| Admin fee / account holder | $6,562 | $13,977-53.1% | $16,305-59.8% | $7,344-10.6% |