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 | $130,557 | $91,552+42.6% | $133,956-2.5% | $79,858+63.5% |
| Participation rate | 64.8% | 73.3%-8.5pp | 79.8%-15.0pp | 69.6%-4.8pp |
| Annual return | 11.37% | 61.85%-50.5pp | 45.09%-33.7pp | 31.71%-20.3pp |
| Employer contribution / active EE | $2,291 | $2,384-3.9% | $3,919-41.5% | $2,471-7.3% |
| Participant deferral / active EE | $4,885 | $3,733+30.8% | $5,048-3.2% | $3,740+30.6% |
| Admin fee / account holder | $857 | $6,321-86.4% | $8,927-90.4% | $5,306-83.8% |