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.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $80,761 | $87,870-8.1% | $113,168-28.6% | $74,304+8.7% |
| Participation rate | 45.2% | 70.7%-25.5pp | 76.6%-31.3pp | 60.3%-15.1pp |
| Annual return | 86.67% | 26.44%+60.2pp | 24.27%+62.4pp | 29.43%+57.2pp |
| Employer contribution / active EE | $1,102 | $2,277-51.6% | $2,975-63.0% | $2,241-50.8% |
| Participant deferral / active EE | $1,583 | $4,241-62.7% | $5,107-69.0% | $3,767-58.0% |
| Admin fee / account holder | $2,682 | $3,368-20.4% | $12,068-77.8% | $2,969-9.7% |