Filed January 11, 2024
Total covered: 2 employees
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 4-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 | $37,605 | $70,669-46.8% | $169,368-77.8% | $75,163-50.0% |
| Participation rate | 68.8% | 64.8%+4.0pp | 77.1%-8.4pp | 67.2%+1.6pp |
| Annual return | 46.38% | 36.36%+10.0pp | 405.60%-359.2pp | 160.62%-114.2pp |
| Employer contribution / active EE | $2,805 | $2,211+26.9% | $4,013-30.1% | $2,670+5.1% |
| Participant deferral / active EE | $5,785 | $4,311+34.2% | $6,221-7.0% | $4,125+40.2% |
| Admin fee / account holder | $1,401 | $5,402-74.1% | $9,003-84.4% | $5,651-75.2% |