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.)
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 | $69,830 | $29,548+136.3% | $56,411+23.8% | $77,643-10.1% |
| Participation rate | 16.4% | 32.7%-16.3pp | 52.5%-36.1pp | 70.6%-54.2pp |
| Annual return | 10.71% | 19.01%-8.3pp | 1701.33%-1690.6pp | 31.24%-20.5pp |
| Employer contribution / active EE | $482 | $568-15.1% | $1,039-53.6% | $2,726-82.3% |
| Participant deferral / active EE | $682 | $1,061-35.7% | $1,952-65.1% | $4,647-85.3% |
| Admin fee / account holder | $2,307 | $1,046+120.5% | $2,829-18.4% | $430+436.0% |