Filed October 14, 2021
Total covered: 2 employees
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 | $25,109 | $165,912-84.9% | $122,332-79.5% | $147,584-83.0% |
| Participation rate | 60.9% | 79.6%-18.7pp | 71.6%-10.8pp | 82.8%-22.0pp |
| Annual return | 14.30% | 34.55%-20.3pp | 30.27%-16.0pp | 578.55%-564.2pp |
| Employer contribution / active EE | $1,251 | $5,754-78.3% | $4,050-69.1% | $4,876-74.3% |
| Participant deferral / active EE | $2,440 | $4,005-39.1% | $3,287-25.8% | $5,439-55.1% |
| Admin fee / account holder | $1,602 | $7,424-78.4% | $5,478-70.8% | $10,885-85.3% |