Filed November 22, 2021
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 5-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 | $24,315 | $27,243-10.7% | $52,425-53.6% | $79,634-69.5% |
| Participation rate | 14.1% | 22.4%-8.3pp | 55.6%-41.5pp | 62.5%-48.4pp |
| Annual return | 20.73% | 63.36%-42.6pp | 302.12%-281.4pp | 36.46%-15.7pp |
| Employer contribution / active EE | $394 | $319+23.6% | $914-56.9% | $2,529-84.4% |
| Participant deferral / active EE | $550 | $636-13.5% | $1,790-69.3% | $3,835-85.7% |
| Admin fee / account holder | $5,411 | $2,105+157.1% | $2,495+116.9% | $1,002+440.0% |