Filed October 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 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.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $3,873 | $99,957-96.1% | $149,696-97.4% | $73,488-94.7% |
| Participation rate | 70.5% | 75.7%-5.2pp | 82.5%-12.0pp | 70.7%-0.2pp |
| Annual return | 30.65% | 53.87%-23.2pp | 276.60%-246.0pp | 28.51%+2.1pp |
| Employer contribution / active EE | $0 | $3,191-100.0% | $4,644-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $1,642 | $6,073-73.0% | $6,842-76.0% | $3,740-56.1% |
| Admin fee / account holder | $320 | $551-42.0% | $9,309-96.6% | $513-37.7% |