Filed November 20, 2015 (most recent of 2 filings on file)
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $19,264 | $67,411-71.4% | $91,001-78.8% | $70,131-72.5% |
| Participation rate | 47.4% | 71.4%-24.0pp | 75.6%-28.2pp | 69.5%-22.2pp |
| Annual return | 11.51% | -40.16%+51.7pp | 4.60%+6.9pp | 73.14%-61.6pp |
| Employer contribution / active EE | $248 | $1,786-86.1% | $2,456-89.9% | $2,342-89.4% |
| Participant deferral / active EE | $1,445 | $2,823-48.8% | $3,547-59.3% | $3,332-56.6% |
| Admin fee / account holder | $2,271 | $4,236-46.4% | $5,417-58.1% | $4,645-51.1% |