Filed May 25, 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 | $74,601 | $73,933+0.9% | $96,683-22.8% | $75,163-0.7% |
| Participation rate | 63.4% | 66.4%-3.0pp | 74.3%-10.9pp | 67.2%-3.8pp |
| Annual return | 24.62% | 26.70%-2.1pp | 35.69%-11.1pp | 160.62%-136.0pp |
| Employer contribution / active EE | $1,740 | $2,928-40.6% | $3,737-53.4% | $2,670-34.8% |
| Participant deferral / active EE | $4,179 | $3,659+14.2% | $4,878-14.3% | $4,125+1.3% |
| Admin fee / account holder | $4,972 | $5,216-4.7% | $6,730-26.1% | $5,651-12.0% |