Filed March 31, 2023
Total covered: 7 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 | $18,810 | $49,280-61.8% | $67,313-72.1% | $64,186-70.7% |
| Participation rate | 33.7% | 60.8%-27.1pp | 69.1%-35.4pp | 69.6%-35.9pp |
| Annual return | 6.15% | -1.39%+7.5pp | -4.08%+10.2pp | 7.63%-1.5pp |
| Employer contribution / active EE | $320 | $1,668-80.8% | $2,566-87.5% | $2,381-86.6% |
| Participant deferral / active EE | $1,303 | $2,484-47.6% | $3,568-63.5% | $3,470-62.5% |
| Admin fee / account holder | $1,173 | $3,863-69.6% | $4,507-74.0% | $4,888-76.0% |