Filed December 16, 2021
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.
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 | $65,156 | $31,109+109.4% | $67,711-3.8% | $52,331+24.5% |
| Participation rate | 33.1% | 54.0%-20.9pp | 67.5%-34.4pp | 68.1%-35.0pp |
| Annual return | -1.54% | 23.70%-25.2pp | 25.41%-26.9pp | 4.54%-6.1pp |
| Employer contribution / active EE | $1,680 | $1,076+56.2% | $2,559-34.3% | $1,882-10.7% |
| Participant deferral / active EE | $3,182 | $1,970+61.5% | $3,585-11.2% | $3,022+5.3% |
| Admin fee / account holder | $2,357 | $466+405.6% | $4,255-44.6% | $592+298.3% |