Filed February 10, 2023
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 | $54,058 | $48,364+11.8% | $71,796-24.7% | $62,891-14.0% |
| Participation rate | 69.6% | 60.6%+9.0pp | 69.1%+0.5pp | 69.3%+0.3pp |
| Annual return | 7.00% | 13.16%-6.2pp | 78.04%-71.0pp | 20.14%-13.1pp |
| Employer contribution / active EE | $2,165 | $1,042+107.8% | $1,924+12.5% | $2,281-5.1% |
| Participant deferral / active EE | $3,693 | $2,091+76.6% | $2,794+32.1% | $3,203+15.3% |
| Admin fee / account holder | $772 | $3,771-79.5% | $4,815-84.0% | $4,296-82.0% |