Filed June 1, 2022
Unlock peer percentile detail for $4.99 your first month
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Unlock 10-year trajectory for $4.99 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 | $16,805 | $57,590-70.8% | $86,233-80.5% | $82,448-79.6% |
| Participation rate | 66.7% | 57.9%+8.8pp | 69.0%-2.4pp | 68.1%-1.4pp |
| Annual return | 19.44% | 22.41%-3.0pp | 61.39%-41.9pp | 41.64%-22.2pp |
| Employer contribution / active EE | $1,332 | $1,655-19.5% | $2,504-46.8% | $2,551-47.8% |
| Participant deferral / active EE | $2,640 | $3,080-14.3% | $4,559-42.1% | $4,139-36.2% |
| Admin fee / account holder | $2,446 | $4,730-48.3% | $8,342-70.7% | $7,234-66.2% |