Filed April 8, 2021 (most recent of 4 filings on file)
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 | $34,994 | $45,152-22.5% | $73,843-52.6% | $59,632-41.3% |
| Participation rate | 48.1% | 64.0%-15.9pp | 73.4%-25.3pp | 68.7%-20.5pp |
| Annual return | -1.54% | 27.40%-28.9pp | 2267.84%-2269.4pp | 2041.28%-2042.8pp |
| Employer contribution / active EE | $1,062 | $1,902-44.2% | $2,787-61.9% | $2,203-51.8% |
| Participant deferral / active EE | $2,461 | $2,574-4.4% | $3,583-31.3% | $3,192-22.9% |
| Admin fee / account holder | $840 | $3,516-76.1% | $4,880-82.8% | $4,297-80.5% |