Filed March 28, 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 | $60,100 | $47,105+27.6% | $68,368-12.1% | $67,986-11.6% |
| Participation rate | 49.7% | 51.8%-2.1pp | 73.8%-24.1pp | 57.2%-7.5pp |
| Annual return | 18.81% | 48.37%-29.6pp | 292.57%-273.8pp | 31.67%-12.9pp |
| Employer contribution / active EE | $1,313 | $1,859-29.4% | $2,649-50.4% | $2,019-35.0% |
| Participant deferral / active EE | $2,027 | $2,374-14.6% | $4,123-50.8% | $3,358-39.6% |
| Admin fee / account holder | $700 | $2,435-71.2% | $5,150-86.4% | $3,203-78.1% |