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 | $79,167 | $91,552-13.5% | $133,956-40.9% | $79,858-0.9% |
| Participation rate | 63.3% | 73.3%-10.1pp | 79.8%-16.6pp | 69.6%-6.4pp |
| Annual return | 16.81% | 61.85%-45.0pp | 45.09%-28.3pp | 31.71%-14.9pp |
| Employer contribution / active EE | $911 | $2,384-61.8% | $3,919-76.8% | $2,471-63.1% |
| Participant deferral / active EE | $4,145 | $3,733+11.0% | $5,048-17.9% | $3,740+10.8% |
| Admin fee / account holder | $2,124 | $6,321-66.4% | $8,927-76.2% | $5,306-60.0% |