Filed December 28, 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 8-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.
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 | $26,253 | $102,317-74.3% | $146,958-82.1% | $80,856-67.5% |
| Participation rate | 63.9% | 75.8%-11.9pp | 82.2%-18.3pp | 67.6%-3.7pp |
| Annual return | 14.75% | 134.76%-120.0pp | 418.34%-403.6pp | 35.59%-20.8pp |
| Employer contribution / active EE | $2,060 | $3,713-44.5% | $4,933-58.2% | $2,755-25.2% |
| Participant deferral / active EE | $2,246 | $6,644-66.2% | $8,070-72.2% | $4,296-47.7% |
| Admin fee / account holder | $169 | $7,941-97.9% | $12,998-98.7% | $6,918-97.6% |