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 | $95,940 | $72,277+32.7% | $101,248-5.2% | $79,858+20.1% |
| Participation rate | 34.0% | 68.5%-34.5pp | 75.8%-41.8pp | 69.6%-35.6pp |
| Annual return | 16.69% | 22.30%-5.6pp | 46.47%-29.8pp | 31.71%-15.0pp |
| Employer contribution / active EE | $1,405 | $2,692-47.8% | $3,660-61.6% | $2,471-43.1% |
| Participant deferral / active EE | $2,515 | $3,282-23.4% | $4,370-42.5% | $3,740-32.8% |
| Admin fee / account holder | $1,333 | $4,400-69.7% | $5,945-77.6% | $5,306-74.9% |