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 | $106,749-64.0% | $145,433-73.6% | $82,448-53.4% |
| Participation rate | 53.0% | 75.6%-22.6pp | 82.1%-29.1pp | 68.1%-15.1pp |
| Annual return | 19.80% | 27.59%-7.8pp | 66.58%-46.8pp | 41.64%-21.8pp |
| Employer contribution / active EE | $1,153 | $3,444-66.5% | $4,554-74.7% | $2,551-54.8% |
| Participant deferral / active EE | $2,148 | $6,519-67.1% | $7,897-72.8% | $4,139-48.1% |
| Admin fee / account holder | $2,059 | $8,390-75.5% | $13,129-84.3% | $7,234-71.5% |