Filed May 8, 2023
Total covered: 19 employees
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 | $64,700 | $86,944-25.6% | $107,525-39.8% | $74,304-12.9% |
| Participation rate | 38.5% | 59.6%-21.1pp | 75.1%-36.6pp | 60.3%-21.9pp |
| Annual return | 15.70% | 23.52%-7.8pp | 181.32%-165.6pp | 29.43%-13.7pp |
| Employer contribution / active EE | $1,366 | $2,757-50.5% | $3,754-63.6% | $2,241-39.1% |
| Participant deferral / active EE | $3,020 | $3,554-15.0% | $5,116-41.0% | $3,767-19.8% |
| Admin fee / account holder | $16,757 | $3,727+349.7% | $8,919+87.9% | $2,969+464.4% |