Filed February 16, 2021
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.
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $11,284 | $73,867-84.7% | $143,757-92.2% | $68,494-83.5% |
| Participation rate | 40.8% | 66.7%-25.9pp | 80.3%-39.5pp | 67.9%-27.1pp |
| Annual return | -18.30% | 1.01%-19.3pp | -0.04%-18.3pp | -7.84%-10.5pp |
| Employer contribution / active EE | $169 | $3,184-94.7% | $4,951-96.6% | $2,596-93.5% |
| Participant deferral / active EE | $2,981 | $3,384-11.9% | $5,637-47.1% | $4,027-26.0% |
| Admin fee / account holder | $81 | $5,755-98.6% | $14,673-99.4% | $5,403-98.5% |