Filed December 28, 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 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.
Participant 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.)
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 | $38,381 | $109,881-65.1% | $150,045-74.4% | $84,808-54.7% |
| Participation rate | 53.0% | 76.1%-23.1pp | 82.3%-29.3pp | 68.3%-15.3pp |
| Annual return | 19.80% | 28.25%-8.4pp | 62.55%-42.7pp | 40.90%-21.1pp |
| Employer contribution / active EE | $1,153 | $3,561-67.6% | $4,693-75.4% | $2,631-56.2% |
| Participant deferral / active EE | $2,148 | $6,636-67.6% | $7,997-73.1% | $4,212-49.0% |
| Admin fee / account holder | $2,059 | $8,568-76.0% | $13,435-84.7% | $7,344-72.0% |