Filed November 3, 2020
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 | $26,782 | $77,634-65.5% | $156,549-82.9% | $62,891-57.4% |
| Participation rate | 24.2% | 71.2%-47.0pp | 84.0%-59.8pp | 69.3%-45.1pp |
| Annual return | 25.34% | 50.32%-25.0pp | 32.23%-6.9pp | 20.14%+5.2pp |
| Employer contribution / active EE | $639 | $3,444-81.4% | $5,501-88.4% | $2,281-72.0% |
| Participant deferral / active EE | $1,088 | $3,045-64.3% | $4,871-77.7% | $3,203-66.0% |
| Admin fee / account holder | $413 | $5,561-92.6% | $13,027-96.8% | $4,296-90.4% |