Filed December 21, 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 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 | $43,190 | $55,472-22.1% | $155,567-72.2% | $74,546-42.1% |
| Participation rate | 69.6% | 61.9%+7.7pp | 78.2%-8.6pp | 67.2%+2.4pp |
| Annual return | 28.78% | 268.72%-239.9pp | 64.74%-36.0pp | 1366.03%-1337.3pp |
| Employer contribution / active EE | $1,832 | $2,269-19.3% | $4,674-60.8% | $2,624-30.2% |
| Participant deferral / active EE | $2,681 | $2,838-5.5% | $5,628-52.4% | $4,347-38.3% |
| Admin fee / account holder | $8,860 | $1,743+408.4% | $15,916-44.3% | $1,944+355.9% |