Filed August 26, 2022
Total covered: 2 employees
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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,196 | $39,122-63.7% | $57,179-75.2% | $62,891-77.4% |
| Participation rate | 52.1% | 70.5%-18.4pp | 75.3%-23.3pp | 69.3%-17.2pp |
| Annual return | 18.58% | 9.23%+9.3pp | 14.59%+4.0pp | 20.14%-1.6pp |
| Employer contribution / active EE | $464 | $1,874-75.3% | $2,682-82.7% | $2,281-79.7% |
| Participant deferral / active EE | $1,291 | $2,374-45.6% | $3,096-58.3% | $3,203-59.7% |
| Admin fee / account holder | $3,040 | $2,592+17.3% | $3,139-3.1% | $4,296-29.2% |