Filed March 24, 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 4-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 | $20,281 | $80,717-74.9% | $154,803-86.9% | $84,808-76.1% |
| Participation rate | 46.5% | 66.8%-20.3pp | 78.1%-31.6pp | 68.3%-21.8pp |
| Annual return | 17.45% | 37.96%-20.5pp | 58.88%-41.4pp | 40.90%-23.4pp |
| Employer contribution / active EE | $681 | $2,761-75.3% | $4,305-84.2% | $2,631-74.1% |
| Participant deferral / active EE | $2,401 | $3,303-27.3% | $5,540-56.7% | $4,212-43.0% |
| Admin fee / account holder | $4,262 | $6,746-36.8% | $14,329-70.3% | $7,344-42.0% |