Filed June 2, 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 | $49,734 | $39,122+27.1% | $57,179-13.0% | $62,891-20.9% |
| Participation rate | 44.1% | 70.5%-26.4pp | 75.3%-31.3pp | 69.3%-25.2pp |
| Annual return | 5.66% | 9.23%-3.6pp | 14.59%-8.9pp | 20.14%-14.5pp |
| Employer contribution / active EE | $2,822 | $1,874+50.6% | $2,682+5.2% | $2,281+23.7% |
| Participant deferral / active EE | $1,163 | $2,374-51.0% | $3,096-62.4% | $3,203-63.7% |
| Admin fee / account holder | $4,300 | $2,592+65.9% | $3,139+37.0% | $4,296+0.1% |