Filed November 6, 2024
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 | $37,782 | $57,281-34.0% | $86,612-56.4% | $75,163-49.7% |
| Participation rate | 63.6% | 63.2%+0.4pp | 71.7%-8.1pp | 67.2%-3.6pp |
| Annual return | 28.50% | 2670.75%-2642.2pp | 591.07%-562.6pp | 160.62%-132.1pp |
| Employer contribution / active EE | $2,165 | $2,314-6.4% | $3,022-28.4% | $2,670-18.9% |
| Participant deferral / active EE | $7,273 | $3,318+119.2% | $4,438+63.9% | $4,125+76.3% |
| Admin fee / account holder | $3,160 | $4,112-23.2% | $5,614-43.7% | $5,651-44.1% |