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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $25,178 | $48,076-47.6% | $78,689-68.0% | $62,891-60.0% |
| Participation rate | 62.2% | 65.2%-3.0pp | 73.6%-11.4pp | 69.3%-7.1pp |
| Annual return | 3.90% | 31.35%-27.5pp | 62.18%-58.3pp | 20.14%-16.2pp |
| Employer contribution / active EE | $836 | $2,015-58.5% | $2,851-70.7% | $2,281-63.3% |
| Participant deferral / active EE | $1,863 | $2,588-28.0% | $3,517-47.0% | $3,203-41.8% |
| Admin fee / account holder | $3,702 | $3,207+15.4% | $4,510-17.9% | $4,296-13.8% |