Filed December 19, 2016
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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $193,444 | $74,888+158.3% | $71,209+171.7% | $142,382+35.9% |
| Participation rate | 69.6% | 76.2%-6.7pp | 73.8%-4.2pp | 80.1%-10.6pp |
| Annual return | 8.25% | 345.14%-336.9pp | 282.51%-274.3pp | 217.08%-208.8pp |
| Employer contribution / active EE | $4,378 | $2,854+53.4% | $2,721+60.9% | $4,299+1.8% |
| Participant deferral / active EE | $7,128 | $4,454+60.0% | $4,175+70.7% | $6,507+9.5% |
| Admin fee / account holder | $14,152 | $5,568+154.2% | $5,349+164.6% | $12,624+12.1% |