Filed October 3, 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 | $11,911 | $43,327-72.5% | $59,878-80.1% | $64,186-81.4% |
| Participation rate | 43.2% | 69.2%-26.0pp | 74.7%-31.5pp | 69.6%-26.4pp |
| Annual return | 44.78% | -1.55%+46.3pp | 3.46%+41.3pp | 7.63%+37.1pp |
| Employer contribution / active EE | $592 | $2,028-70.8% | $2,722-78.2% | $2,381-75.1% |
| Participant deferral / active EE | $845 | $2,546-66.8% | $3,402-75.2% | $3,470-75.6% |
| Admin fee / account holder | $541 | $3,005-82.0% | $3,590-84.9% | $4,888-88.9% |