Filed May 6, 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.
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 | $53,674 | $53,516+0.3% | $126,539-57.6% | $84,808-36.7% |
| Participation rate | 41.4% | 58.2%-16.9pp | 69.8%-28.4pp | 68.3%-26.9pp |
| Annual return | 18.16% | 58.34%-40.2pp | 425.95%-407.8pp | 40.90%-22.7pp |
| Employer contribution / active EE | $1,205 | $1,535-21.5% | $3,674-67.2% | $2,631-54.2% |
| Participant deferral / active EE | $3,689 | $2,671+38.1% | $4,083-9.6% | $4,212-12.4% |
| Admin fee / account holder | $1,542 | $4,497-65.7% | $6,065-74.6% | $7,344-79.0% |