Filed December 3, 2015
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 | $71,436 | $57,354+24.6% | $83,848-14.8% | $64,186+11.3% |
| Participation rate | 32.5% | 68.6%-36.1pp | 76.1%-43.6pp | 69.6%-37.1pp |
| Annual return | -7.91% | 11.38%-19.3pp | 850.88%-858.8pp | 7.63%-15.5pp |
| Employer contribution / active EE | $1,185 | $2,545-53.4% | $3,631-67.4% | $2,381-50.2% |
| Participant deferral / active EE | $1,938 | $2,993-35.3% | $4,082-52.5% | $3,470-44.1% |
| Admin fee / account holder | $3,612 | $4,046-10.7% | $5,478-34.1% | $4,888-26.1% |