Filed June 30, 2021
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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $75,173 | $52,279+43.8% | $89,391-15.9% | $79,858-5.9% |
| Participation rate | 63.6% | 57.5%+6.1pp | 68.0%-4.3pp | 69.6%-6.0pp |
| Annual return | -5.45% | 22.16%-27.6pp | 245.62%-251.1pp | 31.71%-37.2pp |
| Employer contribution / active EE | $1,215 | $1,572-22.7% | $2,586-53.0% | $2,471-50.8% |
| Participant deferral / active EE | $2,939 | $2,740+7.3% | $3,890-24.4% | $3,740-21.4% |
| Admin fee / account holder | $645 | $3,356-80.8% | $4,881-86.8% | $5,306-87.8% |