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 | $22,065 | $65,365-66.2% | $92,893-76.2% | $72,985-69.8% |
| Participation rate | 65.1% | 68.3%-3.2pp | 76.0%-10.9pp | 69.5%-4.4pp |
| Annual return | 25.20% | 42.10%-16.9pp | 109.41%-84.2pp | 81.00%-55.8pp |
| Employer contribution / active EE | $3,606 | $2,594+39.0% | $3,653-1.3% | $2,440+47.8% |
| Participant deferral / active EE | $2,746 | $3,128-12.2% | $4,236-35.2% | $3,607-23.9% |
| Admin fee / account holder | $2,077 | $4,251-51.1% | $5,794-64.1% | $5,124-59.5% |