Filed May 17, 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 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 | $40,479 | $73,787-45.1% | $98,716-59.0% | $82,448-50.9% |
| Participation rate | 67.3% | 61.4%+5.9pp | 69.3%-1.9pp | 68.1%-0.7pp |
| Annual return | 55.31% | 18.57%+36.7pp | 31.81%+23.5pp | 41.64%+13.7pp |
| Employer contribution / active EE | $1,422 | $1,511-5.9% | $2,279-37.6% | $2,551-44.2% |
| Participant deferral / active EE | $4,486 | $3,081+45.6% | $4,048+10.8% | $4,139+8.4% |
| Admin fee / account holder | $366 | $6,500-94.4% | $8,703-95.8% | $7,234-94.9% |