Filed April 21, 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 | $57,770 | $72,404-20.2% | $110,238-47.6% | $64,186-10.0% |
| Participation rate | 52.7% | 73.3%-20.6pp | 79.8%-27.1pp | 69.6%-16.8pp |
| Annual return | 62.89% | -6.29%+69.2pp | 314.74%-251.8pp | 7.63%+55.3pp |
| Employer contribution / active EE | $623 | $2,282-72.7% | $3,826-83.7% | $2,381-73.8% |
| Participant deferral / active EE | $2,382 | $3,469-31.3% | $4,672-49.0% | $3,470-31.3% |
| Admin fee / account holder | $6,342 | $5,664+12.0% | $8,547-25.8% | $4,888+29.8% |