Filed November 30, 2022
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 10-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 | $23,824 | $135,952-82.5% | $123,892-80.8% | $273,961-91.3% |
| Participation rate | 43.5% | 84.1%-40.6pp | 81.4%-37.9pp | 83.0%-39.5pp |
| Annual return | 67.74% | 56.63%+11.1pp | 47.52%+20.2pp | 41.45%+26.3pp |
| Employer contribution / active EE | $1,556 | $5,170-69.9% | $4,617-66.3% | $4,869-68.0% |
| Participant deferral / active EE | $3,116 | $6,343-50.9% | $5,984-47.9% | $5,287-41.1% |
| Admin fee / account holder | $4,383 | $9,817-55.4% | $8,357-47.5% | $10,132-56.7% |