Filed April 18, 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 | $45,974 | $72,277-36.4% | $101,248-54.6% | $79,858-42.4% |
| Participation rate | 63.9% | 68.5%-4.6pp | 75.8%-11.9pp | 69.6%-5.7pp |
| Annual return | 12.06% | 22.30%-10.2pp | 46.47%-34.4pp | 31.71%-19.7pp |
| Employer contribution / active EE | $2,085 | $2,692-22.5% | $3,660-43.0% | $2,471-15.6% |
| Participant deferral / active EE | $4,715 | $3,282+43.7% | $4,370+7.9% | $3,740+26.1% |
| Admin fee / account holder | $5,799 | $4,400+31.8% | $5,945-2.5% | $5,306+9.3% |