Filed March 23, 2022 (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 7-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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $31,658 | $51,045-38.0% | $70,515-55.1% | $71,457-55.7% |
| Participation rate | 21.0% | 59.4%-38.4pp | 68.3%-47.4pp | 67.9%-46.9pp |
| Annual return | 20.28% | 42.63%-22.3pp | 32.77%-12.5pp | 28.85%-8.6pp |
| Employer contribution / active EE | $358 | $1,790-80.0% | $2,973-88.0% | $2,588-86.2% |
| Participant deferral / active EE | $1,012 | $3,026-66.6% | $4,567-77.8% | $4,289-76.4% |
| Admin fee / account holder | $1,783 | $1,994-10.6% | $6,412-72.2% | $1,587+12.3% |