Filed January 23, 2025
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 6-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.
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 | $60,373 | $71,050-15.0% | $93,606-35.5% | $80,856-25.3% |
| Participation rate | 39.7% | 60.4%-20.7pp | 68.7%-29.0pp | 67.6%-27.9pp |
| Annual return | 9.27% | 11.26%-2.0pp | 133.20%-123.9pp | 35.59%-26.3pp |
| Employer contribution / active EE | $714 | $1,564-54.3% | $2,420-70.5% | $2,755-74.1% |
| Participant deferral / active EE | $1,618 | $4,034-59.9% | $4,411-63.3% | $4,296-62.3% |
| Admin fee / account holder | $4,454 | $6,945-35.9% | $8,285-46.2% | $6,918-35.6% |