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 | $47,479-32.7% | $62,929-49.2% | $82,448-61.3% |
| Participation rate | 44.4% | 66.9%-22.4pp | 73.1%-28.7pp | 68.1%-23.6pp |
| Annual return | 17.33% | 20.34%-3.0pp | 1063.93%-1046.6pp | 41.64%-24.3pp |
| Employer contribution / active EE | $1,307 | $1,885-30.7% | $2,505-47.8% | $2,551-48.7% |
| Participant deferral / active EE | $2,562 | $2,870-10.7% | $3,888-34.1% | $4,139-38.1% |
| Admin fee / account holder | $898 | $3,804-76.4% | $5,065-82.3% | $7,234-87.6% |