Filed August 12, 2020 (most recent of 2 filings on file)
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.
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 | $19,265 | $72,177-73.3% | $115,037-83.3% | $59,632-67.7% |
| Participation rate | 61.0% | 72.6%-11.5pp | 81.4%-20.3pp | 68.7%-7.7pp |
| Annual return | -3.03% | 12.02%-15.1pp | 26.14%-29.2pp | 2041.28%-2044.3pp |
| Employer contribution / active EE | $828 | $2,841-70.9% | $4,608-82.0% | $2,203-62.4% |
| Participant deferral / active EE | $4,341 | $4,783-9.2% | $6,026-28.0% | $3,192+36.0% |
| Admin fee / account holder | $2,736 | $4,927-44.5% | $8,175-66.5% | $4,297-36.3% |