Filed February 1, 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 | $37,652 | $86,944-56.7% | $107,525-65.0% | $74,304-49.3% |
| Participation rate | 37.8% | 59.6%-21.8pp | 75.1%-37.3pp | 60.3%-22.6pp |
| Annual return | 16.80% | 23.52%-6.7pp | 181.32%-164.5pp | 29.43%-12.6pp |
| Employer contribution / active EE | $731 | $2,757-73.5% | $3,754-80.5% | $2,241-67.4% |
| Participant deferral / active EE | $1,590 | $3,554-55.3% | $5,116-68.9% | $3,767-57.8% |
| Admin fee / account holder | $1,994 | $3,727-46.5% | $8,919-77.6% | $2,969-32.8% |