Filed August 7, 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 7-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 | $32,059 | $54,517-41.2% | $75,972-57.8% | $74,495-57.0% |
| Participation rate | 18.2% | 60.3%-42.1pp | 69.1%-50.8pp | 67.2%-49.0pp |
| Annual return | 9.90% | 31.82%-21.9pp | 359.55%-349.6pp | 1364.94%-1355.0pp |
| Employer contribution / active EE | $836 | $1,777-52.9% | $2,685-68.8% | $2,623-68.1% |
| Participant deferral / active EE | $514 | $3,066-83.2% | $4,255-87.9% | $4,346-88.2% |
| Admin fee / account holder | $2,041 | $2,229-8.4% | $6,467-68.4% | $1,942+5.1% |