Filed December 11, 2017
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 9-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 | $29,153 | $85,766-66.0% | $136,294-78.6% | $70,131-58.4% |
| Participation rate | 57.4% | 74.2%-16.7pp | 81.9%-24.5pp | 69.5%-12.1pp |
| Annual return | 39.62% | 31.45%+8.2pp | 5155.94%-5116.3pp | 73.14%-33.5pp |
| Employer contribution / active EE | $5,810 | $2,966+95.9% | $4,695+23.7% | $2,342+148.0% |
| Participant deferral / active EE | $5,824 | $5,051+15.3% | $6,247-6.8% | $3,332+74.8% |
| Admin fee / account holder | $4,929 | $5,420-9.1% | $9,243-46.7% | $4,645+6.1% |