Filed April 24, 2023
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 9-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 | $31,938 | $48,795-34.5% | $65,493-51.2% | $84,808-62.3% |
| Participation rate | 44.4% | 67.0%-22.5pp | 73.1%-28.6pp | 68.3%-23.9pp |
| Annual return | 17.33% | 20.20%-2.9pp | 982.45%-965.1pp | 40.90%-23.6pp |
| Employer contribution / active EE | $1,307 | $1,930-32.2% | $2,574-49.2% | $2,631-50.3% |
| Participant deferral / active EE | $2,562 | $2,928-12.5% | $3,961-35.3% | $4,212-39.2% |
| Admin fee / account holder | $898 | $3,877-76.9% | $5,028-82.2% | $7,344-87.8% |