Filed April 21, 2022
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 | $115,993 | $99,079+17.1% | $77,999+48.7% | $273,961-57.7% |
| Participation rate | 52.4% | 78.6%-26.2pp | 75.5%-23.1pp | 83.0%-30.6pp |
| Annual return | 12.47% | 217.93%-205.5pp | 425.96%-413.5pp | 41.45%-29.0pp |
| Employer contribution / active EE | $0 | $3,308-100.0% | $2,470-100.0% | $4,869-100.0% |
| Participant deferral / active EE | $2,321 | $4,306-46.1% | $3,497-33.6% | $5,287-56.1% |
| Admin fee / account holder | $855 | $8,954-90.4% | $5,480-84.4% | $10,132-91.6% |