Filed June 21, 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.
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 | $96,934 | $76,552+26.6% | $123,892-21.8% | $62,891+54.1% |
| Participation rate | 32.1% | 73.0%-40.8pp | 81.4%-49.3pp | 69.3%-37.2pp |
| Annual return | 6.19% | 18.68%-12.5pp | 47.52%-41.3pp | 20.14%-14.0pp |
| Employer contribution / active EE | $1,483 | $2,883-48.5% | $4,617-67.9% | $2,281-35.0% |
| Participant deferral / active EE | $2,905 | $4,840-40.0% | $5,984-51.5% | $3,203-9.3% |
| Admin fee / account holder | $5,146 | $4,826+6.6% | $8,357-38.4% | $4,296+19.8% |