Filed May 16, 2024
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 3-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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $33,771 | $86,891-61.1% | $142,449-76.3% | $75,163-55.1% |
| Participation rate | 64.3% | 68.5%-4.2pp | 76.8%-12.5pp | 67.2%-2.9pp |
| Annual return | 0.00% | 23.31%-23.3pp | 19.99%-20.0pp | 160.62%-160.6pp |
| Employer contribution / active EE | $0 | $3,355-100.0% | $4,847-100.0% | $2,670-100.0% |
| Participant deferral / active EE | $6,451 | $4,938+30.7% | $6,283+2.7% | $4,125+56.4% |
| Admin fee / account holder | $855 | $7,299-88.3% | $10,011-91.5% | $5,651-84.9% |