Filed February 8, 2023 (most recent of 2 filings on file)
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 4-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 | $33,391 | $45,152-26.0% | $73,843-54.8% | $59,632-44.0% |
| Participation rate | 62.5% | 64.0%-1.5pp | 73.4%-10.9pp | 68.7%-6.2pp |
| Annual return | 0.11% | 27.40%-27.3pp | 2267.84%-2267.7pp | 2041.28%-2041.2pp |
| Employer contribution / active EE | $992 | $1,902-47.9% | $2,787-64.4% | $2,203-55.0% |
| Participant deferral / active EE | $2,149 | $2,574-16.5% | $3,583-40.0% | $3,192-32.7% |
| Admin fee / account holder | $2,142 | $3,516-39.1% | $4,880-56.1% | $4,297-50.2% |