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.)
Annual investment return 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 | $45,683 | $64,707-29.4% | $112,228-59.3% | $68,494-33.3% |
| Participation rate | 57.0% | 67.2%-10.2pp | 75.1%-18.1pp | 67.9%-10.9pp |
| Annual return | -22.91% | -11.40%-11.5pp | 27.45%-50.4pp | -7.84%-15.1pp |
| Employer contribution / active EE | $3,472 | $2,746+26.5% | $3,635-4.5% | $2,596+33.7% |
| Participant deferral / active EE | $3,609 | $3,565+1.2% | $4,728-23.7% | $4,027-10.4% |
| Admin fee / account holder | $1,041 | $5,232-80.1% | $6,410-83.8% | $5,403-80.7% |