Filed September 25, 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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $49,077 | $91,552-46.4% | $133,956-63.4% | $79,858-38.5% |
| Participation rate | 61.8% | 73.3%-11.5pp | 79.8%-18.0pp | 69.6%-7.8pp |
| Annual return | 14.05% | 61.85%-47.8pp | 45.09%-31.0pp | 31.71%-17.7pp |
| Employer contribution / active EE | $478 | $2,384-79.9% | $3,919-87.8% | $2,471-80.7% |
| Participant deferral / active EE | $2,595 | $3,733-30.5% | $5,048-48.6% | $3,740-30.6% |
| Admin fee / account holder | $3,140 | $6,321-50.3% | $8,927-64.8% | $5,306-40.8% |