Filed January 19, 2024
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 4-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 | $38,721 | $65,557-40.9% | $64,056-39.6% | $71,457-45.8% |
| Participation rate | 44.5% | 73.2%-28.7pp | 72.3%-27.8pp | 67.9%-23.4pp |
| Annual return | 22.99% | 18.94%+4.0pp | 33.69%-10.7pp | 28.85%-5.9pp |
| Employer contribution / active EE | $838 | $2,669-68.6% | $2,747-69.5% | $2,588-67.6% |
| Participant deferral / active EE | $2,734 | $3,626-24.6% | $3,880-29.5% | $4,289-36.2% |
| Admin fee / account holder | $1,089 | $616+76.8% | $3,068-64.5% | $1,587-31.4% |