Filed November 18, 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.
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 | $45,299 | $101,724-55.5% | $164,813-72.5% | $80,856-44.0% |
| Participation rate | 60.0% | 71.8%-11.8pp | 78.6%-18.6pp | 67.6%-7.6pp |
| Annual return | 18.27% | 16.72%+1.6pp | 69.93%-51.7pp | 35.59%-17.3pp |
| Employer contribution / active EE | $1,667 | $2,953-43.6% | $4,341-61.6% | $2,755-39.5% |
| Participant deferral / active EE | $4,895 | $4,477+9.3% | $6,031-18.8% | $4,296+14.0% |
| Admin fee / account holder | $761 | $8,227-90.8% | $12,690-94.0% | $6,918-89.0% |