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 | $56,317+6.7% | $71,209-15.6% | $74,304-19.1% |
| Participation rate | 49.7% | 55.1%-5.4pp | 73.8%-24.1pp | 60.3%-10.7pp |
| Annual return | 18.81% | 42.83%-24.0pp | 282.51%-263.7pp | 29.43%-10.6pp |
| Employer contribution / active EE | $1,313 | $2,160-39.2% | $2,721-51.7% | $2,241-41.4% |
| Participant deferral / active EE | $2,027 | $2,788-27.3% | $4,175-51.4% | $3,767-46.2% |
| Admin fee / account holder | $700 | $2,290-69.4% | $5,349-86.9% | $2,969-76.4% |