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 | $77,896+111.6% | $134,172+22.9% | $82,448+99.9% |
| Participation rate | 40.5% | 62.8%-22.3pp | 72.5%-32.0pp | 68.1%-27.6pp |
| Annual return | 13.74% | 18.21%-4.5pp | 25.30%-11.6pp | 41.64%-27.9pp |
| Employer contribution / active EE | $1,829 | $2,159-15.3% | $3,420-46.5% | $2,551-28.3% |
| Participant deferral / active EE | $4,893 | $3,162+54.7% | $4,690+4.3% | $4,139+18.2% |
| Admin fee / account holder | $7,756 | $6,336+22.4% | $12,016-35.5% | $7,234+7.2% |