Filed September 8, 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.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $13,509 | $95,416-85.8% | $185,823-92.7% | $85,850-84.3% |
| Participation rate | 97.9% | 68.8%+29.2pp | 81.7%+16.2pp | 69.3%+28.6pp |
| Annual return | 20.79% | 23.59%-2.8pp | 122.05%-101.3pp | 318.53%-297.7pp |
| Employer contribution / active EE | $2,083 | $3,314-37.1% | $5,167-59.7% | $2,565-18.8% |
| Participant deferral / active EE | $653 | $3,423-80.9% | $5,568-88.3% | $3,952-83.5% |
| Admin fee / account holder | $375 | $7,213-94.8% | $16,237-97.7% | $6,260-94.0% |