Filed September 9, 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 | $63,790 | $26,114+144.3% | $58,482+9.1% | $74,419-14.3% |
| Participation rate | 15.9% | 32.1%-16.2pp | 50.9%-35.0pp | 70.7%-54.8pp |
| Annual return | 15.26% | 32.51%-17.3pp | 4239.32%-4224.1pp | 34.38%-19.1pp |
| Employer contribution / active EE | $450 | $536-15.9% | $1,053-57.2% | $2,637-82.9% |
| Participant deferral / active EE | $667 | $1,075-37.9% | $1,924-65.3% | $4,528-85.3% |
| Admin fee / account holder | $3,578 | $649+451.2% | $2,516+42.2% | $348+928.7% |