Filed July 21, 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 3-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).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $2,730 | $142,424-98.1% | $100,534-97.3% | $74,304-96.3% |
| Participation rate | 72.4% | 79.6%-7.2pp | 80.6%-8.2pp | 60.3%+12.0pp |
| Annual return | 25.94% | 27.53%-1.6pp | 32.66%-6.7pp | 29.43%-3.5pp |
| Employer contribution / active EE | $488 | $5,555-91.2% | $4,346-88.8% | $2,241-78.2% |
| Participant deferral / active EE | $803 | $8,247-90.3% | $6,144-86.9% | $3,767-78.7% |
| Admin fee / account holder | $623 | $1,986-68.6% | $7,654-91.9% | $2,969-79.0% |