Filed August 24, 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 | $17,038 | $57,354-70.3% | $83,848-79.7% | $64,186-73.5% |
| Participation rate | 65.7% | 68.6%-2.9pp | 76.1%-10.4pp | 69.6%-3.9pp |
| Annual return | -1.07% | 11.38%-12.4pp | 850.88%-851.9pp | 7.63%-8.7pp |
| Employer contribution / active EE | $2,199 | $2,545-13.6% | $3,631-39.4% | $2,381-7.6% |
| Participant deferral / active EE | $2,483 | $2,993-17.0% | $4,082-39.2% | $3,470-28.4% |
| Admin fee / account holder | $527 | $4,046-87.0% | $5,478-90.4% | $4,888-89.2% |