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 | $37,812 | $58,208-35.0% | $81,812-53.8% | $80,856-53.2% |
| Participation rate | 48.4% | 63.4%-15.0pp | 72.3%-23.9pp | 67.6%-19.2pp |
| Annual return | 21.88% | 41.66%-19.8pp | 773.79%-751.9pp | 35.59%-13.7pp |
| Employer contribution / active EE | $1,100 | $2,340-53.0% | $2,912-62.2% | $2,755-60.1% |
| Participant deferral / active EE | $2,208 | $3,281-32.7% | $4,319-48.9% | $4,296-48.6% |
| Admin fee / account holder | $1,297 | $4,981-74.0% | $7,386-82.4% | $6,918-81.3% |