Filed June 29, 2021
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 | $47,408 | $100,041-52.6% | $149,718-68.3% | $70,131-32.4% |
| Participation rate | 67.4% | 83.6%-16.1pp | 87.1%-19.6pp | 69.5%-2.1pp |
| Annual return | 20.92% | 27.43%-6.5pp | 1501.63%-1480.7pp | 73.14%-52.2pp |
| Employer contribution / active EE | $2,196 | $3,662-40.0% | $5,445-59.7% | $2,342-6.3% |
| Participant deferral / active EE | $4,557 | $4,983-8.5% | $6,569-30.6% | $3,332+36.8% |
| Admin fee / account holder | $1,972 | $8,286-76.2% | $11,283-82.5% | $4,645-57.6% |