Filed April 16, 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 | $33,359 | $58,264-42.7% | $86,612-61.5% | $71,457-53.3% |
| Participation rate | 54.8% | 65.0%-10.2pp | 71.7%-16.9pp | 67.9%-13.1pp |
| Annual return | 16.72% | 21.63%-4.9pp | 591.07%-574.4pp | 28.85%-12.1pp |
| Employer contribution / active EE | $931 | $2,574-63.8% | $3,022-69.2% | $2,588-64.0% |
| Participant deferral / active EE | $1,667 | $3,436-51.5% | $4,438-62.4% | $4,289-61.1% |
| Admin fee / account holder | $2,517 | $1,057+138.1% | $5,614-55.2% | $1,587+58.6% |