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 | $30,588-20.5% | $53,898-54.9% | $85,563-71.6% |
| Participation rate | 14.1% | 26.3%-12.2pp | 55.0%-40.9pp | 66.0%-51.9pp |
| Annual return | 20.73% | 50.42%-29.7pp | 528.60%-507.9pp | 31.51%-10.8pp |
| Employer contribution / active EE | $394 | $436-9.5% | $932-57.7% | $2,654-85.1% |
| Participant deferral / active EE | $550 | $848-35.1% | $1,826-69.9% | $4,375-87.4% |
| Admin fee / account holder | $5,411 | $1,879+188.0% | $2,491+117.2% | $834+548.6% |