Filed October 21, 2019
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 | $16,582 | $57,354-71.1% | $83,848-80.2% | $64,186-74.2% |
| Participation rate | 54.1% | 68.6%-14.6pp | 76.1%-22.1pp | 69.6%-15.5pp |
| Annual return | -5.89% | 11.38%-17.3pp | 850.88%-856.8pp | 7.63%-13.5pp |
| Employer contribution / active EE | $1,705 | $2,545-33.0% | $3,631-53.1% | $2,381-28.4% |
| Participant deferral / active EE | $2,646 | $2,993-11.6% | $4,082-35.2% | $3,470-23.7% |
| Admin fee / account holder | $709 | $4,046-82.5% | $5,478-87.1% | $4,888-85.5% |