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 | $74,927-46.0% | $101,794-60.2% | $84,808-52.3% |
| Participation rate | 67.3% | 61.4%+5.9pp | 69.2%-1.8pp | 68.3%-1.0pp |
| Annual return | 55.31% | 18.70%+36.6pp | 30.53%+24.8pp | 40.90%+14.4pp |
| Employer contribution / active EE | $1,422 | $1,522-6.5% | $2,289-37.9% | $2,631-45.9% |
| Participant deferral / active EE | $4,486 | $3,099+44.8% | $4,084+9.8% | $4,212+6.5% |
| Admin fee / account holder | $366 | $6,514-94.4% | $8,777-95.8% | $7,344-95.0% |