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.
Participant 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 | $35,896 | $54,517-34.2% | $75,972-52.8% | $74,495-51.8% |
| Participation rate | 21.0% | 60.3%-39.3pp | 69.1%-48.0pp | 67.2%-46.2pp |
| Annual return | 16.14% | 31.82%-15.7pp | 359.55%-343.4pp | 1364.94%-1348.8pp |
| Employer contribution / active EE | $474 | $1,777-73.3% | $2,685-82.3% | $2,623-81.9% |
| Participant deferral / active EE | $767 | $3,066-75.0% | $4,255-82.0% | $4,346-82.4% |
| Admin fee / account holder | $2,072 | $2,229-7.0% | $6,467-68.0% | $1,942+6.7% |