Filed February 22, 2018
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 | $82,305 | $63,346+29.9% | $92,233-10.8% | $70,131+17.4% |
| Participation rate | 62.3% | 68.7%-6.4pp | 76.5%-14.2pp | 69.5%-7.3pp |
| Annual return | 13.53% | 530.12%-516.6pp | 176.28%-162.7pp | 73.14%-59.6pp |
| Employer contribution / active EE | $1,365 | $2,471-44.7% | $3,679-62.9% | $2,342-41.7% |
| Participant deferral / active EE | $2,522 | $2,854-11.6% | $3,897-35.3% | $3,332-24.3% |
| Admin fee / account holder | $2,871 | $3,840-25.2% | $5,194-44.7% | $4,645-38.2% |