Filed March 14, 2023
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 9-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 | $40,087 | $95,803-58.2% | $113,168-64.6% | $84,808-52.7% |
| Participation rate | 68.9% | 72.9%-4.0pp | 76.6%-7.7pp | 68.3%+0.5pp |
| Annual return | 22.70% | 25.00%-2.3pp | 24.27%-1.6pp | 40.90%-18.2pp |
| Employer contribution / active EE | $2,868 | $2,360+21.5% | $2,975-3.6% | $2,631+9.0% |
| Participant deferral / active EE | $5,549 | $4,242+30.8% | $5,107+8.7% | $4,212+31.8% |
| Admin fee / account holder | $4,430 | $8,989-50.7% | $12,068-63.3% | $7,344-39.7% |