Filed November 10, 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 | $164,831 | $78,926+108.8% | $136,749+20.5% | $84,808+94.4% |
| Participation rate | 40.5% | 62.2%-21.7pp | 72.1%-31.7pp | 68.3%-27.8pp |
| Annual return | 13.74% | 18.17%-4.4pp | 24.33%-10.6pp | 40.90%-27.2pp |
| Employer contribution / active EE | $1,829 | $2,134-14.3% | $3,400-46.2% | $2,631-30.5% |
| Participant deferral / active EE | $4,893 | $3,168+54.4% | $4,692+4.3% | $4,212+16.2% |
| Admin fee / account holder | $7,756 | $6,369+21.8% | $11,386-31.9% | $7,344+5.6% |