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 | $101,763-55.5% | $164,866-72.5% | $80,874-44.0% |
| Participation rate | 60.0% | 71.8%-11.8pp | 78.6%-18.6pp | 67.6%-7.6pp |
| Annual return | 18.27% | 16.73%+1.5pp | 69.97%-51.7pp | 35.62%-17.3pp |
| Employer contribution / active EE | $1,667 | $2,954-43.6% | $4,343-61.6% | $2,756-39.5% |
| Participant deferral / active EE | $4,895 | $4,477+9.3% | $6,033-18.9% | $4,297+13.9% |
| Admin fee / account holder | $761 | $8,228-90.8% | $12,689-94.0% | $6,935-89.0% |