Filed May 15, 2024 (most recent of 2 filings on file)
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.)
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 | $22,468 | $52,681-57.4% | $75,781-70.4% | $59,632-62.3% |
| Participation rate | 67.2% | 67.2%0pp | 75.8%-8.6pp | 68.7%-1.4pp |
| Annual return | -4.75% | 2.95%-7.7pp | 9.68%-14.4pp | 2041.28%-2046.0pp |
| Employer contribution / active EE | $1,527 | $2,193-30.4% | $3,323-54.0% | $2,203-30.7% |
| Participant deferral / active EE | $3,314 | $2,591+27.9% | $3,651-9.2% | $3,192+3.8% |
| Admin fee / account holder | $1,068 | $3,610-70.4% | $5,299-79.9% | $4,297-75.2% |