Filed April 12, 2024
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 | $41,945 | $72,492-42.1% | $87,100-51.8% | $72,985-42.5% |
| Participation rate | 63.6% | 72.8%-9.2pp | 76.9%-13.2pp | 69.5%-5.8pp |
| Annual return | 23.79% | 24.46%-0.7pp | 28.19%-4.4pp | 81.00%-57.2pp |
| Employer contribution / active EE | $1,044 | $1,894-44.9% | $2,521-58.6% | $2,440-57.2% |
| Participant deferral / active EE | $2,798 | $3,270-14.4% | $4,049-30.9% | $3,607-22.4% |
| Admin fee / account holder | $449 | $5,055-91.1% | $7,497-94.0% | $5,124-91.2% |