Filed April 28, 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 4-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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $22,297 | $79,171-71.8% | $102,423-78.2% | $74,495-70.1% |
| Participation rate | 65.0% | 74.8%-9.8pp | 76.5%-11.5pp | 67.2%-2.2pp |
| Annual return | 15.18% | 54.93%-39.8pp | 29.32%-14.1pp | 1364.94%-1349.8pp |
| Employer contribution / active EE | $1,960 | $2,362-17.0% | $3,023-35.2% | $2,623-25.3% |
| Participant deferral / active EE | $2,875 | $4,415-34.9% | $5,053-43.1% | $4,346-33.9% |
| Admin fee / account holder | $1,099 | $2,001-45.1% | $9,451-88.4% | $1,942-43.4% |