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.
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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $115,193 | $85,766+34.3% | $136,294-15.5% | $70,131+64.3% |
| Participation rate | 16.0% | 74.2%-58.2pp | 81.9%-65.9pp | 69.5%-53.5pp |
| Annual return | 8.04% | 31.45%-23.4pp | 5155.94%-5147.9pp | 73.14%-65.1pp |
| Employer contribution / active EE | $944 | $2,966-68.2% | $4,695-79.9% | $2,342-59.7% |
| Participant deferral / active EE | $1,666 | $5,051-67.0% | $6,247-73.3% | $3,332-50.0% |
| Admin fee / account holder | $4,040 | $5,420-25.5% | $9,243-56.3% | $4,645-13.0% |