Filed March 7, 2019
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 | $60,460 | $62,672-3.5% | $185,117-67.3% | $70,131-13.8% |
| Participation rate | 49.1% | 63.8%-14.7pp | 77.3%-28.2pp | 69.5%-20.5pp |
| Annual return | 14.42% | 40.79%-26.4pp | 40.50%-26.1pp | 73.14%-58.7pp |
| Employer contribution / active EE | $1,127 | $1,753-35.7% | $4,182-73.1% | $2,342-51.9% |
| Participant deferral / active EE | $3,932 | $3,272+20.2% | $5,045-22.1% | $3,332+18.0% |
| Admin fee / account holder | $13,087 | $3,932+232.9% | $8,159+60.4% | $4,645+181.7% |