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.
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 | $16,158 | $77,899-79.3% | $149,673-89.2% | $75,163-78.5% |
| Participation rate | 41.7% | 65.6%-23.9pp | 78.8%-37.1pp | 67.2%-25.5pp |
| Annual return | 20.27% | 31.72%-11.5pp | 134.42%-114.1pp | 160.62%-140.4pp |
| Employer contribution / active EE | $663 | $3,137-78.9% | $4,818-86.2% | $2,670-75.2% |
| Participant deferral / active EE | $3,652 | $3,411+7.1% | $5,680-35.7% | $4,125-11.5% |
| Admin fee / account holder | $2,634 | $5,956-55.8% | $13,210-80.1% | $5,651-53.4% |