Filed February 5, 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 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 | $32,574 | $78,422-58.5% | $95,952-66.1% | $79,858-59.2% |
| Participation rate | 65.3% | 73.5%-8.2pp | 77.1%-11.8pp | 69.6%-4.3pp |
| Annual return | 27.02% | 19.37%+7.6pp | 91.61%-64.6pp | 31.71%-4.7pp |
| Employer contribution / active EE | $1,462 | $1,945-24.8% | $2,541-42.4% | $2,471-40.8% |
| Participant deferral / active EE | $2,420 | $3,440-29.6% | $4,167-41.9% | $3,740-35.3% |
| Admin fee / account holder | $1,117 | $5,622-80.1% | $6,795-83.6% | $5,306-79.0% |