Filed March 6, 2023
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 10-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 | $120,052 | $72,404+65.8% | $110,238+8.9% | $64,186+87.0% |
| Participation rate | 67.6% | 73.3%-5.8pp | 79.8%-12.3pp | 69.6%-2.0pp |
| Annual return | 12.16% | -6.29%+18.4pp | 314.74%-302.6pp | 7.63%+4.5pp |
| Employer contribution / active EE | $2,293 | $2,282+0.5% | $3,826-40.1% | $2,381-3.7% |
| Participant deferral / active EE | $4,447 | $3,469+28.2% | $4,672-4.8% | $3,470+28.2% |
| Admin fee / account holder | $1,007 | $5,664-82.2% | $8,547-88.2% | $4,888-79.4% |