Filed August 23, 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 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 | $52,147 | $74,927-30.4% | $101,794-48.8% | $84,808-38.5% |
| Participation rate | 47.9% | 61.4%-13.5pp | 69.2%-21.2pp | 68.3%-20.4pp |
| Annual return | 15.33% | 18.70%-3.4pp | 30.53%-15.2pp | 40.90%-25.6pp |
| Employer contribution / active EE | $1,309 | $1,522-14.0% | $2,289-42.8% | $2,631-50.2% |
| Participant deferral / active EE | $2,450 | $3,099-20.9% | $4,084-40.0% | $4,212-41.8% |
| Admin fee / account holder | $4,660 | $6,514-28.5% | $8,777-46.9% | $7,344-36.5% |