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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,154 | $59,839-51.3% | $81,983-64.4% | $79,858-63.5% |
| Participation rate | 35.0% | 61.6%-26.6pp | 69.2%-34.2pp | 69.6%-34.6pp |
| Annual return | 8.42% | 17.56%-9.1pp | 41.31%-32.9pp | 31.71%-23.3pp |
| Employer contribution / active EE | $410 | $1,713-76.1% | $2,498-83.6% | $2,471-83.4% |
| Participant deferral / active EE | $1,807 | $2,695-33.0% | $3,722-51.5% | $3,740-51.7% |
| Admin fee / account holder | $6,822 | $4,287+59.1% | $5,664+20.5% | $5,306+28.6% |