Filed October 30, 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 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 | $51,372 | $83,902-38.8% | $167,512-69.3% | $84,808-39.4% |
| Participation rate | 46.2% | 66.5%-20.3pp | 77.1%-30.9pp | 68.3%-22.2pp |
| Annual return | 15.93% | 91.55%-75.6pp | 1615.79%-1599.9pp | 40.90%-25.0pp |
| Employer contribution / active EE | $0 | $2,264-100.0% | $3,882-100.0% | $2,631-100.0% |
| Participant deferral / active EE | $1,444 | $4,442-67.5% | $6,405-77.4% | $4,212-65.7% |
| Admin fee / account holder | $2,997 | $7,915-62.1% | $9,769-69.3% | $7,344-59.2% |