Filed April 29, 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.
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).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $8,508 | $89,753-90.5% | $107,525-92.1% | $84,808-90.0% |
| Participation rate | 81.7% | 68.1%+13.6pp | 75.1%+6.6pp | 68.3%+13.4pp |
| Annual return | 13.73% | 29.48%-15.7pp | 181.32%-167.6pp | 40.90%-27.2pp |
| Employer contribution / active EE | $212 | $3,113-93.2% | $3,754-94.4% | $2,631-92.0% |
| Participant deferral / active EE | $961 | $4,056-76.3% | $5,116-81.2% | $4,212-77.2% |
| Admin fee / account holder | $1,018 | $7,222-85.9% | $8,919-88.6% | $7,344-86.1% |