Filed January 25, 2024 (most recent of 3 filings on file)
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 | $53,505 | $87,841-39.1% | $133,980-60.1% | $62,891-14.9% |
| Participation rate | 69.2% | 83.4%-14.2pp | 87.1%-17.8pp | 69.3%-0.1pp |
| Annual return | 9.94% | 12.05%-2.1pp | 29.30%-19.4pp | 20.14%-10.2pp |
| Employer contribution / active EE | $6,245 | $3,483+79.3% | $5,211+19.8% | $2,281+173.8% |
| Participant deferral / active EE | $4,583 | $4,812-4.8% | $6,282-27.0% | $3,203+43.1% |
| Admin fee / account holder | $457 | $5,371-91.5% | $9,324-95.1% | $4,296-89.4% |