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 | $46,253 | $60,323-23.3% | $81,812-43.5% | $74,495-37.9% |
| Participation rate | 44.6% | 62.9%-18.2pp | 72.3%-27.7pp | 67.2%-22.6pp |
| Annual return | 19.26% | 16.90%+2.4pp | 773.79%-754.5pp | 1364.94%-1345.7pp |
| Employer contribution / active EE | $819 | $2,620-68.7% | $2,912-71.9% | $2,623-68.8% |
| Participant deferral / active EE | $1,475 | $3,387-56.5% | $4,319-65.9% | $4,346-66.1% |
| Admin fee / account holder | $1,793 | $1,486+20.7% | $7,386-75.7% | $1,942-7.6% |