Filed October 21, 2022
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 | $54,682 | $27,839+96.4% | $58,482-6.5% | $71,457-23.5% |
| Participation rate | 11.2% | 34.5%-23.3pp | 50.9%-39.6pp | 67.9%-56.7pp |
| Annual return | 14.52% | 26.81%-12.3pp | 4239.32%-4224.8pp | 28.85%-14.3pp |
| Employer contribution / active EE | $554 | $631-12.1% | $1,053-47.4% | $2,588-78.6% |
| Participant deferral / active EE | $509 | $1,206-57.8% | $1,924-73.5% | $4,289-88.1% |
| Admin fee / account holder | $3,050 | $1,641+85.9% | $2,516+21.2% | $1,587+92.2% |