Filed October 6, 2023
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 8-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 | $13,474 | $60,022-77.6% | $88,946-84.9% | $84,808-84.1% |
| Participation rate | 38.1% | 57.8%-19.7pp | 68.8%-30.7pp | 68.3%-30.2pp |
| Annual return | 17.28% | 22.43%-5.1pp | 57.82%-40.5pp | 40.90%-23.6pp |
| Employer contribution / active EE | $748 | $1,703-56.1% | $2,555-70.7% | $2,631-71.6% |
| Participant deferral / active EE | $957 | $3,114-69.3% | $4,581-79.1% | $4,212-77.3% |
| Admin fee / account holder | $1,708 | $4,811-64.5% | $8,261-79.3% | $7,344-76.7% |