Filed December 16, 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 5-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 | $21,767 | $54,350-60.0% | $82,719-73.7% | $68,494-68.2% |
| Participation rate | 58.7% | 63.9%-5.2pp | 72.6%-13.9pp | 67.9%-9.2pp |
| Annual return | -4.30% | -13.67%+9.4pp | 701.18%-705.5pp | -7.84%+3.5pp |
| Employer contribution / active EE | $2,773 | $2,218+25.0% | $3,009-7.8% | $2,596+6.8% |
| Participant deferral / active EE | $5,570 | $3,246+71.6% | $4,395+26.7% | $4,027+38.3% |
| Admin fee / account holder | $1,713 | $4,395-61.0% | $5,329-67.9% | $5,403-68.3% |