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 | $37,516 | $48,076-22.0% | $78,689-52.3% | $62,891-40.3% |
| Participation rate | 49.4% | 65.2%-15.8pp | 73.6%-24.1pp | 69.3%-19.9pp |
| Annual return | 15.12% | 31.35%-16.2pp | 62.18%-47.1pp | 20.14%-5.0pp |
| Employer contribution / active EE | $964 | $2,015-52.1% | $2,851-66.2% | $2,281-57.7% |
| Participant deferral / active EE | $2,414 | $2,588-6.7% | $3,517-31.4% | $3,203-24.6% |
| Admin fee / account holder | $5,581 | $3,207+74.0% | $4,510+23.7% | $4,296+29.9% |