Filed August 26, 2024
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.
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 | $21,805 | $59,101-63.1% | $77,163-71.7% | $75,163-71.0% |
| Participation rate | 45.9% | 63.9%-17.9pp | 69.6%-23.6pp | 67.2%-21.2pp |
| Annual return | 16.02% | 26.71%-10.7pp | 37.87%-21.9pp | 160.62%-144.6pp |
| Employer contribution / active EE | $505 | $1,995-74.7% | $2,535-80.1% | $2,670-81.1% |
| Participant deferral / active EE | $1,263 | $2,999-57.9% | $3,833-67.0% | $4,125-69.4% |
| Admin fee / account holder | $936 | $4,774-80.4% | $5,472-82.9% | $5,651-83.4% |