Filed May 10, 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 | $95,608 | $78,672+21.5% | $109,143-12.4% | $85,850+11.4% |
| Participation rate | 66.7% | 68.3%-1.6pp | 75.9%-9.2pp | 69.3%-2.6pp |
| Annual return | 20.23% | 25.09%-4.9pp | 25.75%-5.5pp | 318.53%-298.3pp |
| Employer contribution / active EE | $6,612 | $2,735+141.8% | $3,722+77.6% | $2,565+157.8% |
| Participant deferral / active EE | $5,756 | $3,467+66.0% | $4,653+23.7% | $3,952+45.7% |
| Admin fee / account holder | $340 | $5,469-93.8% | $6,752-95.0% | $6,260-94.6% |