Filed May 25, 2022
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 | $247,802 | $81,446+204.3% | $103,374+139.7% | $80,874+206.4% |
| Participation rate | 64.9% | 66.9%-2.0pp | 74.5%-9.6pp | 67.6%-2.8pp |
| Annual return | 13.14% | 25.57%-12.4pp | 24.89%-11.7pp | 35.62%-22.5pp |
| Employer contribution / active EE | $3,089 | $3,107-0.6% | $3,869-20.2% | $2,756+12.1% |
| Participant deferral / active EE | $7,496 | $3,870+93.7% | $5,058+48.2% | $4,297+74.5% |
| Admin fee / account holder | $3,727 | $6,715-44.5% | $8,394-55.6% | $6,935-46.3% |