Filed March 13, 2023 (most recent of 3 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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $29,683 | $61,052-51.4% | $142,863-79.2% | $79,386-62.6% |
| Participation rate | 51.4% | 60.1%-8.7pp | 71.9%-20.6pp | 70.7%-19.3pp |
| Annual return | 16.45% | 16.02%+0.4pp | 5637.54%-5621.1pp | 116.85%-100.4pp |
| Employer contribution / active EE | $185 | $1,481-87.5% | $4,144-95.5% | $2,427-92.4% |
| Participant deferral / active EE | $1,519 | $2,879-47.2% | $3,837-60.4% | $4,046-62.5% |
| Admin fee / account holder | $3,771 | $659+472.0% | $6,560-42.5% | $626+502.0% |