Filed July 12, 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 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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $64,215 | $61,660+4.1% | $80,019-19.8% | $64,1860% |
| Participation rate | 68.7% | 71.7%-3.0pp | 75.8%-7.2pp | 69.6%-0.9pp |
| Annual return | -8.36% | -0.33%-8.0pp | 11.22%-19.6pp | 7.63%-16.0pp |
| Employer contribution / active EE | $2,684 | $1,810+48.2% | $2,468+8.7% | $2,381+12.7% |
| Participant deferral / active EE | $2,426 | $2,968-18.2% | $3,686-34.2% | $3,470-30.1% |
| Admin fee / account holder | $2,314 | $5,417-57.3% | $6,521-64.5% | $4,888-52.7% |