Filed November 19, 2024
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.)
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 | $116,721 | $72,492+61.0% | $87,100+34.0% | $72,985+59.9% |
| Participation rate | 58.0% | 72.8%-14.8pp | 76.9%-18.9pp | 69.5%-11.5pp |
| Annual return | 22.52% | 24.46%-1.9pp | 28.19%-5.7pp | 81.00%-58.5pp |
| Employer contribution / active EE | $1,407 | $1,894-25.7% | $2,521-44.2% | $2,440-42.3% |
| Participant deferral / active EE | $3,261 | $3,270-0.3% | $4,049-19.5% | $3,607-9.6% |
| Admin fee / account holder | $448 | $5,055-91.1% | $7,497-94.0% | $5,124-91.3% |