Filed January 26, 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 | $73,709 | $57,354+28.5% | $83,848-12.1% | $64,186+14.8% |
| Participation rate | 34.1% | 68.6%-34.5pp | 76.1%-42.0pp | 69.6%-35.4pp |
| Annual return | -7.76% | 11.38%-19.1pp | 850.88%-858.6pp | 7.63%-15.4pp |
| Employer contribution / active EE | $1,200 | $2,545-52.9% | $3,631-67.0% | $2,381-49.6% |
| Participant deferral / active EE | $3,253 | $2,993+8.7% | $4,082-20.3% | $3,470-6.2% |
| Admin fee / account holder | $930 | $4,046-77.0% | $5,478-83.0% | $4,888-81.0% |