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 | $36,423 | $53,053-31.3% | $126,539-71.2% | $74,304-51.0% |
| Participation rate | 25.5% | 48.0%-22.5pp | 69.8%-44.3pp | 60.3%-34.8pp |
| Annual return | 15.29% | 29.46%-14.2pp | 425.95%-410.7pp | 29.43%-14.1pp |
| Employer contribution / active EE | $177 | $1,168-84.9% | $3,674-95.2% | $2,241-92.1% |
| Participant deferral / active EE | $1,452 | $2,303-37.0% | $4,083-64.4% | $3,767-61.5% |
| Admin fee / account holder | $1,888 | $3,698-48.9% | $6,065-68.9% | $2,969-36.4% |