Filed April 12, 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.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $5,203 | $43,075-87.9% | $74,583-93.0% | $62,891-91.7% |
| Participation rate | 31.0% | 58.1%-27.1pp | 68.1%-37.2pp | 69.3%-38.4pp |
| Annual return | 8.25% | 17.50%-9.2pp | 20.47%-12.2pp | 20.14%-11.9pp |
| Employer contribution / active EE | $0 | $1,498-100.0% | $2,525-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $305 | $2,389-87.2% | $3,458-91.2% | $3,203-90.5% |
| Admin fee / account holder | $367 | $2,840-87.1% | $4,138-91.1% | $4,296-91.4% |