Filed March 9, 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 | $42,099 | $61,660-31.7% | $80,019-47.4% | $64,186-34.4% |
| Participation rate | 56.0% | 71.7%-15.7pp | 75.8%-19.8pp | 69.6%-13.6pp |
| Annual return | -6.65% | -0.33%-6.3pp | 11.22%-17.9pp | 7.63%-14.3pp |
| Employer contribution / active EE | $1,672 | $1,810-7.6% | $2,468-32.2% | $2,381-29.8% |
| Participant deferral / active EE | $4,065 | $2,968+37.0% | $3,686+10.3% | $3,470+17.2% |
| Admin fee / account holder | $4,999 | $5,417-7.7% | $6,521-23.3% | $4,888+2.3% |