Filed July 1, 2024
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 6-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 | $26,176 | $57,281-54.3% | $86,612-69.8% | $75,163-65.2% |
| Participation rate | 45.5% | 63.2%-17.7pp | 71.7%-26.2pp | 67.2%-21.7pp |
| Annual return | 26.27% | 2670.75%-2644.5pp | 591.07%-564.8pp | 160.62%-134.4pp |
| Employer contribution / active EE | $1,604 | $2,314-30.7% | $3,022-46.9% | $2,670-39.9% |
| Participant deferral / active EE | $2,256 | $3,318-32.0% | $4,438-49.2% | $4,125-45.3% |
| Admin fee / account holder | $450 | $4,112-89.1% | $5,614-92.0% | $5,651-92.0% |