Filed October 3, 2022
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 9-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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $13,625 | $60,022-77.3% | $88,946-84.7% | $84,808-83.9% |
| Participation rate | 50.0% | 57.8%-7.8pp | 68.8%-18.8pp | 68.3%-18.3pp |
| Annual return | 12.29% | 22.43%-10.1pp | 57.82%-45.5pp | 40.90%-28.6pp |
| Employer contribution / active EE | $1,253 | $1,703-26.4% | $2,555-51.0% | $2,631-52.4% |
| Participant deferral / active EE | $1,778 | $3,114-42.9% | $4,581-61.2% | $4,212-57.8% |
| Admin fee / account holder | $672 | $4,811-86.0% | $8,261-91.9% | $7,344-90.9% |