Filed April 22, 2020
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 | $18,099 | $46,360-61.0% | $147,614-87.7% | $52,331-65.4% |
| Participation rate | 33.9% | 64.9%-31.0pp | 84.6%-50.7pp | 68.1%-34.2pp |
| Annual return | 8.43% | 1.62%+6.8pp | 61.98%-53.6pp | 4.54%+3.9pp |
| Employer contribution / active EE | $161 | $2,126-92.4% | $5,564-97.1% | $1,882-91.4% |
| Participant deferral / active EE | $1,903 | $2,258-15.7% | $4,895-61.1% | $3,022-37.0% |
| Admin fee / account holder | $489 | $766-36.1% | $11,611-95.8% | $592-17.3% |